Consumer Price Index: Difference between revisions

Consumer Price Index (view source)

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 === 1. Wages  ===
-Wages in the United States increased 6.17 percent in November of 2022 over the same month in the previous year.  Due to the labor market still being resilient, we can still expect pressure to the upside in CPI in the coming months, especially in the service sector; however, the trend has been slowing recently.<ref>https://tradingeconomics.com/united-states/wage-growth#:~:text=Wage%20Growth%20in%20the%20United,percent%20in%20March%20of%202009</ref>
+The labor market is still being resilient, 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, year-over-year, rose by 4.6%, compared to 4.8% in November and below the 5% expected. It was the smallest annual growth in average hourly earnings since August 2021. <ref>https://tradingeconomics.com/united-states/average-hourly-earnings-yoy</ref>
 === 2. Supply chain issues ===