Wages can’t keep up with inflation

New June inflation numbers released Wednesday show the Consumer Price Index rose 9.1% since last year - the fastest annual pace since November 1981. To make matters worse, wages are not keeping up. Plus: the federal Immigration and Customs Enforcement agency is running out of money. And: the millennial friendship crisis. Guests: Axios' Neil Irwin, Stef Kight and Erica Pandey Credits: Axios Today is produced by Niala Boodhoo, Sara Kehaulani Goo, Alexandra Botti, Nuria Marquez Martinez, Lydia McMullen-Laird, Alex Sugiura, and Ben O'Brien. Music is composed by Evan Viola. You can reach us at [email protected]. You can text questions, comments and story ideas to Niala as a text or voice memo to 202-918-4893. Go Deeper: America's inflation problem gets worse Scoop: ICE is short $345 million, poised to spend more than ever Axios Finish Line: Making friends Learn more about your ad choices. Visit megaphone.fm/adchoices