How Is Inflation Affecting Our Paychecks? Watch Our Latest Tutorial Video
Have people’s earnings kept up with inflation since the pandemic recession?
In nominal dollar terms, median weekly earnings for full-time workers have grown since January 2021. But adjusting for consumer price index (CPI) inflation shows that real earnings have been falling.
Watch our latest video tutorial to learn more about how to compare nominal and inflation-adjusted earnings (real earnings) using the SF Fed Data Explorer. To explore on your own, paste the code 31p09720991g097231000000000000 into the Chart Code box.
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The views expressed here do not necessarily reflect the views of the management of the Federal Reserve Bank of San Francisco or of the Board of Governors of the Federal Reserve System.