Monthly year-over-year change, January 2010 to January 2024; CPI through December 2023
The line chart shows the monthly year-over-year change in the Consumer Price Index (CPI) and average wage growth from January 2010 to January 2024. Both inflation and wage growth fluctuated over the period, with wage growth spiking at 8% in 2020 and inflation peaking at 9% in 2022. By January 2024, wage growth was 4.5% and CPI was 3.4% in December 2023, the latest datapoints for each indicator.