Raul Jimenez's fifth Premier League goal and Ivan Cavaleiro's late strike consigned to Bournemouth to a sixth defeat in seven and gave Wolves a 2-0 home win on Saturday.
Mexican striker Jimenez punished Charlie Daniels' poor pass in the 12th minute and substitute Cavaleiro capped off a 94th-minute breakaway as Nuno Espirito Santo's side leapfrogged the visitors in the table thanks to a third successive victory.
Callum Wilson returned from a hamstring injury as a substitute between the goals but the striker was unable to inspire a fightback, the Cherries now on the verge of vacating the top half.
Their situation could grow gloomier before the end of the year, with trips to Tottenham and Manchester United still to come amid a gruelling run of festive fixtures.
Joshua King's hesitation scuppered an early Bournemouth chance and they only had themselves to blame for the opener.
Wing-back Daniels hit an errant pass straight to Diogo Jota, who drew three defenders in the box and dragged a shot across goal for Jimenez to tap home.
Tyrone Mings was then forced off following a heavy aerial collision before the visitors welcomed some good fortune, referee Simon Hooper deeming Steve Cook's shove on Jota to have been shoulder-to-shoulder.
Helder Costa replaced Jota at the interval and the substitute's first act was to waste a fine chance, firing wide of the near post after racing untracked into the area.
The miss almost cost Wolves when Junior Stanislas crashed a free-kick into the crossbar in the 63rd minute, but it was the closest the Cherries came.
Their fate was sealed deep into added time, Costa releasing Cavaleiro for a straightforward one-on-one finish.
What does it mean? Bournemouth lumped with Christmas coal
Eddie Howe might like a word with Premier League officials as a schedule that has included recent meetings with both Manchester clubs, Arsenal and Liverpool becomes no kinder as December wears on.
Hopes of a run at European qualification appear to be fading fast.
Hard-working Neves helps hosts to victory
Wolves lost the battle for possession but they always maintained a measure of control thanks in large part to Ruben Neves, who worked tirelessly off the ball and saw far more of it than any of his team-mates.
Daniels lapse costs Cherries
Bournemouth will continue to struggle for form if they keep committing the kind of errors that gifted away the opening goal.
There was no excusing the experienced Daniels' decision to thump an aimless pass infield, completely exposing his unsuspecting team-mates.
Key Opta Facts
- Bournemouth have lost six of their last seven Premier League games (W1) - as many defeats as in their previous 21 games in the competition.
- Since keeping three consecutive clean sheets in October, Bournemouth have conceded in each of their last seven Premier League games (16 goals in total).
- Jimenez's opener for Wolves was their first goal scored during the first half of a Premier League game at Molineux since Neves netted against Everton in their first game.
- All five of Jimenez's Premier League goals for Wolves this season have been scored at Molineux.
- Jota has been directly involved in three goals in his last three Premier League appearances for Wolves (two goals, one assist) having failed to score or assist in his previous 13 such games this season.
Wolves will hope to keep their momentum going when Liverpool arrive at Molineux on Friday, while Howe has decisions to make over his starting XI as Bournemouth head to Chelsea in the EFL Cup quarter-finals on Wednesday.