Figure E
Inflation decelerating faster than nominal wage growth: Nominal wage growth and inflation, three-month changes, 2022
| Nominal wage growth, three-month change | Inflation, three-month change | |
|---|---|---|
| Jan-2022 | 5.9% | 8.0% |
| Feb-2022 | 4.8% | 8.4% |
| Mar-2022 | 4.8% | 11.3% |
| Apr-2022 | 3.9% | 9.9% |
| May-2022 | 4.9% | 10.7% |
| Jun-2022 | 4.6% | 11.0% |
| Jul-2022 | 5.2% | 9.5% |
| Aug-2022 | 4.8% | 5.8% |
| Sep-2022 | 4.8% | 2.0% |
| Oct-2022 | 4.2% | 3.8% |
| Nov-2022 | 4.7% | 3.7% |
| Dec-2022 | 4.1% | 1.8% |
Source: EPI analysis of Bureau of Labor Statistics Current Employment Statistics (CES) public data series and Bureau of Labor Statistics Consumer Price Index (CPI).
This chart appears in: