U.S. inflation outpacing what is needed to survive for low-income households: report

NEW YORK, June 21 (Xinhua) -- As food, gas and housing all cost more than they did the month before, never mind last year, those without disposable income have had a daunting landscape to navigate and are forced to wonder how far can a dollar stretch if prices keep increasing and wages remain the same, reported cleveland.com last week.

Ohio increased its minimum wage to 9.30 U.S. dollars per hour on Jan. 1, up from 8.80 dollars, a 5.6 percent increase in wages, but this wage increase doesn't even cover the CPI (consumer price index) difference of 7.5 percent from January 2021 to January 2022, said the local news portal based in Cleveland, the second largest city in Ohio.