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.

This dataset provides values for WAGE GROWTH reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Wages in the United Kingdom increased 5 percent in May of 2025 over the same month in the previous year. This dataset provides the latest reported value for - United Kingdom Average Weekly Earnings Growth - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Wages for regular pay in the United Kingdom grew by approximately five percent in May 2025, although when adjusted for inflation, wages for regular pay only grew in real terms by 1.1 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 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.

Wages in Poland increased 9 percent in June of 2025 over the same month in the previous year. This dataset provides - Poland Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Guatemala recorded the highest wage growth worldwide in 2022 with an increase of ** percent when using purchasing power parity U.S. dollars. Colombia and Vietnam followed behind. Worldwide, real wages fell by nearly *** percent in 2022.

Wages in Germany increased 1.20 percent in March of 2025 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.

Nominal wage growth in both the European Union and the Euro currency area (comprising ** of the ** EU members) reached a record high in the second quarter of **, when wages increased by *** and *** percent respectively. This trend continued during 2023, with a wage increase of *** and *** percent during the third quarter of **. Nominal wage growth is the increase in wages compared to the same period the previous year in nominal values - i.e. in monetary values unadjusted for inflation. As inflation in Europe increase faster than nominal wages during this period, this in fact meant that real wages (increases adjusted for inflation) fell.

Wages in Russia increased 4.20 percent in May of 2025 over the same month in the previous year. This dataset provides - Russia Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Australia Average Annualised Wage Increases: Federal Agreement: Current: Queensland data was reported at 4.000 % in Dec 2024. This records an increase from the previous number of 3.900 % for Sep 2024. Australia Average Annualised Wage Increases: Federal Agreement: Current: Queensland data is updated quarterly, averaging 3.600 % from Mar 2005 (Median) to Dec 2024, with 80 observations. The data reached an all-time high of 4.400 % in Jun 2009 and a record low of 2.500 % in Sep 2021. Australia Average Annualised Wage Increases: Federal Agreement: Current: Queensland data remains active status in CEIC and is reported by Department of Employment and Workplace Relations. The data is categorized under Global Database’s Australia – Table AU.G107: Average Annualized Wage Increases: Federal Agreement: by State.

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.

Australia Average Annualised Wage Increases: Federal Agreement: Current data was reported at 3.736 % in Dec 2024. This records an increase from the previous number of 3.514 % for Sep 2024. Australia Average Annualised Wage Increases: Federal Agreement: Current data is updated quarterly, averaging 3.736 % from Dec 1991 (Median) to Dec 2024, with 133 observations. The data reached an all-time high of 5.041 % in Dec 1991 and a record low of 2.561 % in Jun 2021. Australia Average Annualised Wage Increases: Federal Agreement: Current data remains active status in CEIC and is reported by Department of Employment and Workplace Relations. The data is categorized under Global Database’s Australia – Table AU.G105: Average Annualized Wage Increases: Federal Agreement: by Sector.

Graph and download economic data for Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private (AHETPI) from Jan 1964 to May 2025 about nonsupervisory, headline figure, earnings, average, establishment survey, hours, wages, production, private, employment, and USA.

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.

In 2025, it is predicted that average earnings in the United Kingdom will increase by *** percent, compared with a growth rate of *** percent in 2024, and *** percent in 2023, the fastest average earnings growth in this time period. By contrast, average earnings did not grow at all in 2020, in the aftermath of the COVID-19 pandemic. Earnings vs inflation Although earnings grew at their fastest pace between 2021 and 2023 in this provided time period, this was offset by the period of very high inflation that occurred alongside it. This reached a peak of **** percent in October 2022, with inflation only reaching the typical target rate of *** percent in May 2024. Despite strong wage growth, the average UK worker saw their earnings fall relative to inflation between November 2021 and May 2023. As of January 2024, weekly wages in the UK were still growing faster than inflation, at *** percent for regular pay and *** percent for pay including bonuses. Full-time earnings reach over ****** GBP in 2024 Full-time employees in the United Kingdom earned an average annual salary of ****** British pounds in 2024, compared with just over ****** in the previous year. As of this year, men reported higher earnings than women did, with the UK reporting a gender pay gap of **** percent for 2024, compared with **** percent in 1997. Workers in their 40s had the highest average earnings by age group, at approximately ****** for men, and ****** for women. Although men earned more than women in all age groups, this gap was smallest among workers aged 18 to 21.

From April 2025 onwards, the UK's main national minimum wage category, the national living wage, will rise to ***** pounds per hour, up from ***** pounds per hour in the previous financial year. This amount will apply to workers aged 21 and over, compared with 2022 and 2023 when it was only for workers aged 23 and over, and for those aged 25 and over between 2016 and 2021. The main minimum wage from 2010 to 2015 was the 21+ rate, and 22+ rate between 1999 and 2009. Evolution of the minimum wage Since its introduction in 1999, the minimum wage has had various rate categories, usually based on age. For the first five years, there were two categories, one for workers 18 to 21, and another for workers aged 22 and over. In 2004, a minimum wage for under 18s was introduced, and between 2010 and 2015 there were three rates based on age, and one for apprenticeships. Another age based-rate was added in 2016, but from 2024 onwards, the model will revert to four rate categories overall. In addition to the legal minimum wage, there is also a voluntary real living wage, which for 2024/25 is **** pounds per hour, rising to ***** pounds per hour for workers in London. Wages continue to outpace inflation in 2024 Since July 2023, wages have grown faster than inflation in the UK with December 2024 seeing regular weekly earnings grow by *** percent, compared with the CPI inflation rate of *** percent that month. For almost two years between November 2021 and June 2023, wage growth struggled to keep up with inflation, with the biggest gap occurring in October 2022 when inflation peaked at **** percent. The fall in real earnings in one of the most important factors in the UK's ongoing cost of living crisis. At the height of the crisis, around ** percent of UK households were reporting a monthly increase in their cost of living, with this falling to ** percent by March 2024.

Average hourly and weekly wage rate, and median hourly and weekly wage rate by North American Industry Classification System (NAICS), type of work, gender, and age group.

Spain Wage Agreements: Negotiated Cumulative Wage Increase: Services data was reported at 1.670 % in Oct 2018. This records an increase from the previous number of 1.660 % for Sep 2018. Spain Wage Agreements: Negotiated Cumulative Wage Increase: Services data is updated monthly, averaging 2.880 % from Dec 1983 (Median) to Oct 2018, with 364 observations. The data reached an all-time high of 11.810 % in Dec 1983 and a record low of 0.340 % in Jan 2013. Spain Wage Agreements: Negotiated Cumulative Wage Increase: Services data remains active status in CEIC and is reported by Ministry of Employment and Social Security. The data is categorized under Global Database’s Spain – Table ES.G040: Collective Wage Agreements.

Spain Wage Agreements: Negotiated Cumulative Wage Increase: Agriculture data was reported at 1.180 % in Oct 2018. This records an increase from the previous number of 1.130 % for Sep 2018. Spain Wage Agreements: Negotiated Cumulative Wage Increase: Agriculture data is updated monthly, averaging 3.390 % from Dec 1983 (Median) to Oct 2018, with 364 observations. The data reached an all-time high of 10.020 % in Dec 1983 and a record low of 0.000 % in Feb 2013. Spain Wage Agreements: Negotiated Cumulative Wage Increase: Agriculture data remains active status in CEIC and is reported by Ministry of Employment and Social Security. The data is categorized under Global Database’s Spain – Table ES.G040: Collective Wage Agreements.

Wages in Argentina increased 2 percent in May of 2025 over the same month in the previous year. This dataset provides - Argentina Wage Growth- actual values, historical data, forecast, chart, statistics, economic calendar and news.