In March 2025, inflation amounted to 2.4 percent, while wages grew by 4.3 percent. The inflation rate has not exceeded the rate of wage growth since January 2023. Inflation in 2022 The high rates of inflation in 2022 meant that the real terms value of American wages took a hit. Many Americans report feelings of concern over the economy and a worsening of their financial situation. The inflation situation in the United States is one that was experienced globally in 2022, mainly due to COVID-19 related supply chain constraints and disruption due to the Russian invasion of Ukraine. The monthly inflation rate for the U.S. reached a 40-year high in June 2022 at 9.1 percent, and annual inflation for 2022 reached eight percent. Without appropriate wage increases, Americans will continue to see a decline in their purchasing power. Wages in the U.S. Despite the level of wage growth reaching 6.7 percent in the summer of 2022, it has not been enough to curb the impact of even higher inflation rates. The federally mandated minimum wage in the United States has not increased since 2009, meaning that individuals working minimum wage jobs have taken a real terms pay cut for the last twelve years. There are discrepancies between states - the minimum wage in California can be as high as 15.50 U.S. dollars per hour, while a business in Oklahoma may be as low as two U.S. dollars per hour. However, even the higher wage rates in states like California and Washington may be lacking - one analysis found that if minimum wage had kept up with productivity, the minimum hourly wage in the U.S. should have been 22.88 dollars per hour in 2021. Additionally, the impact of decreased purchasing power due to inflation will impact different parts of society in different ways with stark contrast in average wages due to both gender and race.

When adjusted for inflation, the 2024 federal minimum wage in the United States is over 40 percent lower than the minimum wage in 1970. Although the real dollar minimum wage in 1970 was only 1.60 U.S. dollars, when expressed in nominal 2024 dollars this increases to 13.05 U.S. dollars. This is a significant difference from the federal minimum wage in 2024 of 7.25 U.S. dollars.

Inflation rates experienced by different groups of consumers within a country vary. This is because the prices of goods and services and the expenditure patterns of consumers differ. The published inflation rate is used for important decisions regarding the preservation of consumer purchasing power. These include the adjustment of social grants and minimum wages by government and the benchmarking of returns by investors when making investment decisions. It is thus vital that inflation is measured accurately to ensure the purchasing power of consumers is preserved. Current measures of inflation published by Stats SA are applicable to typical consumers and are not relevant to each individual. This resource supplements a study that seeks to provide a publicly available model that can be used by consumers to calculate their personal rate of inflation.

Wages in Italy increased 3.40 percent in April of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Italy Hourly Wage Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the usual median hourly rate of a worker's wage in the United States was 19.24 U.S. dollars, a decrease from the previous year. Dollar value is based on 2023 U.S. dollars. In 1979, the median hourly earnings in the U.S. was 17.48 dollars.

Wages in the United States increased 4.72 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United States Wages and Salaries Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for Employment Cost Index: Wages and Salaries: Private Industry Workers (ECIWAG) from Q1 2001 to Q1 2025 about cost, ECI, salaries, workers, private industries, wages, private, employment, industry, inflation, indexes, and USA.

This feature layer consists of the contiguous United States and District of Columbia, with Alaska and Hawaii. It comprises state minimum wage data for 2018, as well as historical data since 1968, and future data where available. The data was compiled from the U.S. Department of Labor, the National Conference of State Legislatures, and the U.C. Berkeley Labor Center, with living wage data from MIT's Living Wage Calculator. This layer uses the composite geographies layout to position Alaska and Hawaii adjacent to the contiguous United States.Attributes:

Field Name Unit Description

PeakMW Nominal dollar value Highest minimum wage value planned to be reached in future years (2019-2022)

PeakYR Year The year that the highest minimum wage value is planned to be reached (2019-2022)

DiffPeak2018 Nominal dollar value (difference) The difference between the peak minimum wage and the 2018 minimum wage (PeakMW - DiffPeak2018)

MW2018 Nominal dollar value 2018 state minimum wage

Increase2017 Nominal dollar value (difference) The difference between the 2018 minimum wage and the 2017 minimum wage (MW2018 - MW2017)

Increase2000 2017 dollar value (difference) The difference between the 2018 minimum wage and the 2000 minimum wage (MW2018-MW2000)

Effective2018 Nominal dollar value The minimum wage effective in 2018. For states with minimum wages below the federal minimum wage of $7.25, or for states that have no minimum wage requirement, the federal minimum wage applies.

LV2016 Nominal dollar value 2016 living wage for a single adult at the state level

DiffMWLV Nominal dollar value (difference) The difference between the 2018 minimum wage and the 2016 living wage

CurrentMW Category The type of minimum wage policy in place at the state level

PoliciesMW Text When a state has an indexed minimum wage, the type of policy is described here

Update2018 Category Yes = the state implemented an update to its minimum wage in 2018; No = no policy update in 2018

MW2017 Nominal dollar value 2017 minimum wage

MW2016 2017 dollar value 2016 minimum wage, adjusted for inflation to 2017 dollars

MW2015 2017 dollar value 2015 minimum wage, adjusted for inflation to 2017 dollars

MW2014 2017 dollar value 2014 minimum wage, adjusted for inflation to 2017 dollars

MW2013 2017 dollar value 2013 minimum wage, adjusted for inflation to 2017 dollars

MW2012 2017 dollar value 2012 minimum wage, adjusted for inflation to 2017 dollars

MW2011 2017 dollar value 2011 minimum wage, adjusted for inflation to 2017 dollars

MW2010 2017 dollar value 2010 minimum wage, adjusted for inflation to 2017 dollars

MW2009 2017 dollar value 2009 minimum wage, adjusted for inflation to 2017 dollars

MW2008 2017 dollar value 2008 minimum wage, adjusted for inflation to 2017 dollars

MW2007 2017 dollar value 2007 minimum wage, adjusted for inflation to 2017 dollars

MW2006 2017 dollar value 2006 minimum wage, adjusted for inflation to 2017 dollars

MW2005 2017 dollar value 2005 minimum wage, adjusted for inflation to 2017 dollars

MW2004 2017 dollar value 2004 minimum wage, adjusted for inflation to 2017 dollars

MW2003 2017 dollar value 2003 minimum wage, adjusted for inflation to 2017 dollars

MW2002 2017 dollar value 2002 minimum wage, adjusted for inflation to 2017 dollars

MW2001 2017 dollar value 2001 minimum wage, adjusted for inflation to 2017 dollars

MW2000 2017 dollar value 2000 minimum wage, adjusted for inflation to 2017 dollars

MW1998 2017 dollar value 1998 minimum wage, adjusted for inflation to 2017 dollars

MW1997 2017 dollar value 1997 minimum wage, adjusted for inflation to 2017 dollars

MW1996 2017 dollar value 1996 minimum wage, adjusted for inflation to 2017 dollars

MW1994 2017 dollar value 1994 minimum wage, adjusted for inflation to 2017 dollars

MW1992 2017 dollar value 1992 minimum wage, adjusted for inflation to 2017 dollars

MW1991 2017 dollar value 1991 minimum wage, adjusted for inflation to 2017 dollars

MW1988 2017 dollar value 1988 minimum wage, adjusted for inflation to 2017 dollars

MW1981 2017 dollar value 1981 minimum wage, adjusted for inflation to 2017 dollars

MW1980 2017 dollar value 1980 minimum wage, adjusted for inflation to 2017 dollars

MW1979 2017 dollar value 1979 minimum wage, adjusted for inflation to 2017 dollars

MW1976 2017 dollar value 1976 minimum wage, adjusted for inflation to 2017 dollars

MW1972 2017 dollar value 1972 minimum wage, adjusted for inflation to 2017 dollars

MW1970 2017 dollar value 1970 minimum wage, adjusted for inflation to 2017 dollars

MW1968 2017 dollar value 1968 minimum wage, adjusted for inflation to 2017 dollars

Wages In the Euro Area increased 3.40 percent in March of 2025 over the same month in the previous year. This dataset provides the latest reported value for - Euro Area Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages in Germany increased 2.50 percent in December of 2024 over the same month in the previous year. This dataset provides the latest reported value for - Germany Wage Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the median weekly earnings of a full-time employee in the United States of America was ***** U.S. dollars, an increase from 2022. Dollar value is based on constant 2023 U.S. dollars. In 1979, the median weekly earnings of a full-time employee was *** constant 2023 U.S. dollars. Median weekly earnings not adjusted for inflation can be found here.

Wages in France increased 2.10 percent in March of 2025 over the same month in the previous year. This dataset provides - France Monthly Wages Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Purpose and brief description The consumer price index is an economic indicator whose main task is to objectively reflect the price evolution over time for a basket of goods and services purchased by households and considered representative of their consumer habits. The index does not necessarily measure the price level of this basket for a specific period of time, but rather the fluctuation between two periods, the first one acting as basis for comparison. Moreover, this difference in the price level is not measured in absolute, but in relative terms. The consumer price index can be determined as a hundred times the ratio between the observed prices of a range of goods and services at a given time and the prices of the same goods and services, observed under the same circumstances during the reference period, chosen as basis for comparison. Price observations always take place in the same regions. Since 2014, the consumer price index has been a chain index in which the weighting reference period is regularly shifted and prices and quantities are no longer compared between the current period and a fixed reference period, but the current period is compared with an intermediate period. By multiplying these short-term indices, and so creating a chain, we get a long-term series with a fixed reference period. Population Belgian private households Data collection method and possible sampling Survey technique applied using a computer, based on the use of electronic questionnaires and laptops. Frequency Monthly. Timing of publication The results are available on the penultimate working day of the reference period. Definitions Weight (CPI): The weight represents the importance of the goods and services included in the CPI in the total expenditure patterns of the households. Weights are determined based on the household budget survey. Consumer price index (CPI): The consumer price index is an economic indicator whose main task is to objectively reflect the price evolution over time for a basket of goods and services purchased by households and considered representative of their consumer habits. Health index: The health index is derived from the consumer price index and has been published since January 1994. The current value of this index is determined by removing a number of products from the consumer price index product basket, in particular alcoholic beverages (bought in a shop or consumed in a bar), tobacco products and motor fuels except for LPG. Inflation: Inflation is defined as the ratio between the value of the consumer price index of a given month and the index of the same month the year before. Therefore, inflation measures the rhythm of the evolution of the overall price level. Consumer price index without petroleum products: This index is calculated by removing the following products from the consumer price index: butane, propane, liquid fuels and motor fuels. Consumer price index without energy products: This index is calculated by removing the following products from the consumer price index: electricity, natural gas, butane, propane, liquid fuels, solid fuels and motor fuels. Smoothed index: The smoothed health index, also called smoothed index (the average value of the health indexes of the last 4 months) is used as a basis for the indexation of retirement pensions, social security benefits and some salaries and wages. Public wages and social benefits are indexed as soon as the smoothed index reaches a given value, called the central index. The smoothed index is also called moving average. In order to perform a 2% index jump (laid down in the Law of 23 April 2015 on employment promotion), the smoothed health index has been temporarily blocked at its value of March 2015 (100.66). The smoothed health index was then reduced by 2% from April 2015. When the reduced smoothed health index (also called the reference index) had increased again by 2% or in other words when it had exceeded the value of 100.66, the index was no longer blocked. It occurred in April 2016. Since April 2016 the smoothed health index is calculated in the same manner as the reference index and therefore corresponds to the arithmetical mean of the health indexes of the last 4 months multiplied by a factor of 0.98. The central index is a predetermined threshold value against which the smoothed health index is compared. If the central index is reached or exceeded, there is an indexation of the wages and salaries or benefits. This indexation is proportional to the percentage between the old and the new central index. For the public sector and social benefits, the difference between the central indices always amounts to 2 %. Therefore, a 2 % indexation is applied every time the central index is reached. There are also collective labour agreements according to which the difference between the central indices amounts to 1 % or 1.5 %. The reaching of a central index then leads to an indexation of 1 % or 1,5 %. See also: https://bosa.belgium.

Inflation Rate in Brazil decreased to 5.32 percent in May from 5.53 percent in April of 2025. This dataset provides - Brazil Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Real wages in the Eurozone showed a negative trend for the second year in a row, as high inflation caused the real value of wages to decline by almost *** percent. Real wage growth is measured by adjusting nominal wage growth - that is, the growth of wages in monetary values - for inflation, or changes in the average price of the basket of goods. This means that in 2023, a worker would be able to buy *** percent less than they would have in 2022, assuming their wages grew by the *** percent nominal wage growth which was seen across the Eurozone in 2023.

In 2023, the U.S. Consumer Price Index was 309.42, and is projected to increase to 352.27 by 2029. The base period was 1982-84. The monthly CPI for all urban consumers in the U.S. can be accessed here. After a time of high inflation, the U.S. inflation rateis projected fall to two percent by 2027. United States Consumer Price Index ForecastIt is projected that the CPI will continue to rise year over year, reaching 325.6 in 2027. The Consumer Price Index of all urban consumers in previous years was lower, and has risen every year since 1992, except in 2009, when the CPI went from 215.30 in 2008 to 214.54 in 2009. The monthly unadjusted Consumer Price Index was 296.17 for the month of August in 2022. The U.S. CPI measures changes in the price of consumer goods and services purchased by households and is thought to reflect inflation in the U.S. as well as the health of the economy. The U.S. Bureau of Labor Statistics calculates the CPI and defines it as, "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The BLS records the price of thousands of goods and services month by month. They consider goods and services within eight main categories: food and beverage, housing, apparel, transportation, medical care, recreation, education, and other goods and services. They aggregate the data collected in order to compare how much it would cost a consumer to buy the same market basket of goods and services within one month or one year compared with the previous month or year. Given that the CPI is used to calculate U.S. inflation, the CPI influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security payments, and pensions are all affected by the CPI.

Real wage development

Wage increases do not inevitably lead to an increase in disposable income due to inflation rates. To classify wage development, real wages are first presented, differentiated by type of employment, service group and economic sector. This is then compared with the consumer price index (CPI), both on the basis of the year 2015 and on the basis of 2020. Here, the goods sectors of food and - on the basis of 2015 - also housing rents are presented separately once again.

Base years of the CPI (2015 and 2020)

The consumer price index measures the average price development of all goods and services that private households purchase for consumption purposes. It is a central indicator for assessing the development of the value of money and is used as a benchmark in wage negotiations, for example. With the base year, the calculation modules of the consumer price index (= CPI) on the consumption habits and purchasing behaviour of private households are adjusted to the conditions of the respective year (here: 2015 and 2020). This also includes that the Systematic Schedule of Income and Expenditure of Private Households (abbreviation SEA) is converted and included in its new form in the revision of the CPI. The selection of the individual price representatives forms the determination of the so-called basket of goods with a total of 750 goods. The determination of the weight with which the price development of the individual price representatives are included in the overall index form the weighting scheme. The weighting scheme of the goods and services is recalculated at each revision. The weighting scheme contains the weighting shares for the goods areas of the upper basket level. This weighting information reflects the importance of the individual goods sectors for the population of all goods and services in the respective economic stages. The basis for the recalculation of the weighting scheme is the sample survey of income and consumption, the statistics of the current economic accounts and data of the national accounts. All new weighting schemes refer to the respective base year (i.e. in the case of the present data series to 2015 or 2020) "and remain constant until the next revision in order to be able to represent price developments unaffected by changes in expenditure weights (Laspeyres index)." Ute Egner (2019): Verbraucherpreisstatistik auf neuer Basis 2015. In: Wirtschaft und Statistik (WISTA), 5, 2019, S. 89. In the table, the weighting scheme appears in the table header in the row ´Weighting in 0/00´ (weight in per mille).

Wages for regular pay in the United Kingdom grew by approximately 5.2 percent in April 2025, although when adjusted for inflation, wages for regular pay only grew in real terms by 1.4 percent. Twenty months of inflation outpacing wages Between November 2021 and June 2023 inflation was higher than wage growth in the UK, resulting in falling real terms earnings throughout this 20-month period. While UK inflation peaked at 11.1 percent in October 2022, it was not until April 2023 that it fell below double figures, and not until May 2024 that it reached the Bank of England's target of two percent. Forecasts from the Autumn 2024 budget predict that the annual UK inflation will for 2024 will be 2.5 percent, down from 7.3 percent in 2023 and 9.1 percent in 2022. Due to high inflation, the UK's minimum wage also rose quite significantly during this period, with the "main" rate increasing from 8.91 pounds per hour in 2021 to 12.21 pounds per hour in 2025. Average earnings and gender pay gap For full-time workers in the United Kingdom, the median average annual earnings was 37,430 British pounds in 2024, compared with 34,663 pounds in 2023. In London, average earnings were significantly higher than the rest of the country, at 47,455 pounds. Just two other areas of the United Kingdom, the South East and Scotland, had annual salaries above the UK average. North East England had the lowest average salary, at 32,960 pounds. As of 2024, the gender pay gap for median gross hourly earnings in the UK was 13.1 percent for all workers, falling to seven percent for full-time workers and -3 percent for part-time workers. Compared with 1997, when the gender pay gap was 27.5 percent for all workers, there has been a degree of progress, although, at current trends, it will be some time before the gap is closed entirely.

In the three months to April 2025, average weekly earnings in the United Kingdom grew by 5.2 percent, while pay including bonuses grew by 5.3 percent, when compared with the same period leading to April 2024. In the same month, the inflation rate for the Consumer Price Index was 3.5 percent, indicating that wages were rising faster than prices that month. Average salaries in the UK In 2024, the average salary for full-time workers in the UK was 37,430 British pounds a year, up from 34,963 in the previous year. In London, the average annual salary was far higher than the rest of the country, at 47,455 pounds per year, compared with just 32,960 in North East England. There also still exists a noticeable gender pay gap in the UK, which was seven percent for full-time workers in 2024, down from 7.5 percent in 2023. Lastly, the monthly earnings of the top one percent in the UK was 15,887 pounds as of November 2024, far higher than even that of the average for the top five percent, who earned 7,641 pounds per month, while pay for the lowest 10 percent of earners was just 805 pounds per month. Waves of industrial action in the UK One of the main consequences of high inflation and low wage growth throughout 2022 and 2023 was an increase in industrial action in the UK. In December 2022, for example, there were approximately 830,000 working days lost due to labor disputes. Throughout this month, workers across various industry sectors were involved in industrial disputes, such as nurses, train drivers, and driving instructors. Many of the workers who took part in strikes were part of the UK's public sector, which saw far weaker wage growth than that of the private sector throughout 2022. Widespread industrial action continued into 2023, with approximately 303,000 workers involved in industrial disputes in March 2023. There was far less industrial action by 2024, however, due to settlements in many of the disputes, although some are ongoing as of 2025.

Inflation Rate in Pakistan decreased to 3.20 percent in June from 3.50 percent in May of 2025. This dataset provides the latest reported value for - Pakistan Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.