Slowing inflation shows up in our daily lives

Wages are finally rising faster than inflation, according to new data from the Labor Department. And consumer prices in June had their smallest annual increase since March 2021. What does this mean for the power of our money? Plus, wealthy nations grapple with the rise in global migration. And, Ron DeSantis' Iowa ground game. Guests: Axios' Courtenay Brown, Stef Kight and Sophia Cai. Credits: Axios Today is produced by Niala Boodhoo, Alexandra Botti, Fonda Mwangi, Lydia McMullen-Laird, Robin Linn and Alex Sugiura. Music is composed by Evan Viola. You can reach us at podcasts@axios.com. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go deeper: "The fever is breaking" as inflation takes long-awaited tumble Wages are finally rising faster than inflation The big-money donors backing DeSantis — and RFK Jr.

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Axios podcast host Niala Boodhoo digs deep with leaders you know — or need to know — in business, politics and culture. Every week, all in under 20 minutes. About Axios: Axios is a digital media company launched in 2017. Axios helps you become smarter, faster with news and information across politics, tech, business, media, science and the world. Subscribe to our newsletters at axios.com/newsletters and download our mobile app at axios.com/app.  About Niala Boodhoo: Niala Boodhoo is the host of 1 big thing and previously hosted Axios Today She was the founding Host and Executive Producer of the award-winning news program The 21st. An alum of Reuters, The Miami Herald and WBEZ/Chicago, Niala was a 2019-2020 Knight-Wallace fellow.