Consumer Price Index: Difference between revisions

Consumer Price Index (view source)

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 ''Main article: [[Consumer Price Index:Historical Releases]]''
-''Latest release: [[Consumer Price Index:Historical Releases/2023 March]]''
+''Latest release: [[Consumer Price Index:Historical Releases/2023 April]]''
 Headline CPI rose 0.1 percent in March on a seasonally adjusted basis, after increasing 0.4 percent in February. Over the last 12 months, the all items index increased 5.0 percent before seasonal adjustment.
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 ===1. Wages===
 Past Developments: [[Wages]]
+Average hourly earnings rose 0.3% in May after a downwardly revised 0.4% a month earlier. From a year ago, they were up 4.3%, matching the smallest increase since mid-2021.
+* In May, average hourly earnings for all employees on private nonfarm payrolls rose by 11 cents, or 0.3 percent, to $33.44. .
+* Over the past 12 months, average hourly earnings have increased by 4.3 percent.
+* In May, average hourly earnings of private-sector production and nonsupervisory employees rose by 13 cents, or 0.5 percent, to $28.75.<ref>https://www.bls.gov/news.release/pdf/empsit.pdf</ref>
-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>
-*In April, average hourly earnings for all employees on private nonfarm payrolls rose by 16 cents, or 0.5 percent, to $33.36. Above the 0.3% estimate
-*Over the past 12 months, average hourly earnings have increased by 4.4 percent.  Exceeding the 4.2% estimate
-* In April, average hourly earnings of private-sector production and nonsupervisory employees rose by 11 cents, or 0.4 percent, to $28.62.<ref>https://www.bls.gov/news.release/empsit.nr0.htm</ref>
 ===2. Supply chain issues===
 Past developments: [[Supply Chain Developments]]