If you feel like stuff has been getting more expensive lately, you're right.

The Consumer Price Index, which tracks most items on the average city-dwelling American's shopping list, rose 2.9% last month — its fastest pace since 2012.

When prices speed up, paychecks don't go as far. Average hourly earnings only increased 2.7% over the year in June, which means that most workers' paychecks actually aren't going any further at all. CNN Money