Consumer Price Index: Difference between revisions

Consumer Price Index (view source)

12 bytes removed , 11 March 2023

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 The labor market is still resilient to rates increases, and wages are still above average, due to this we can still expect pressure to the upside in CPI in the coming months, especially in the service sector.<ref>https://tradingeconomics.com/united-states/wage-growth#:~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009</ref>
-*However, the trend has been slowing recently, recent labor data shows average hourly earnings increased by 4.4% from a year earlier in January of 2023, after an upwardly revised 4.8% rise in the prior month and slightly above market estimates of 4.3%. It was the smallest annual growth in average hourly earnings since August of 2021. <ref>https://tradingeconomics.com/united-states/average-hourly-earnings-yoy</ref>
+*However, the trend has been slowing recently, recent labor data shows Average hourly earnings for all employees on US private nonfarm payrolls increased by 4.6% year-on-year in February 2023, up from 4.4% in the prior month but slightly below market forecasts of a 4.7% rise. <ref>https://tradingeconomics.com/united-states/average-hourly-earnings-yoy</ref>  The most recent high was 5.9% on March 2022.
 ===2. Supply chain issues===