Real hourly pay, past year compared with inflation, all items
Percent change in average hourly earnings of private employees after inflation (deflated by the CPI), from the same month a year earlier. Monthly.
Source: U.S. Bureau of Labor Statistics, via Federal Reserve Bank of St. Louis, FRED, Average Hourly Earnings of All Employees, Total Private (CES0500000003), deflated by the Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL). Series: CES0500000003, CPIAUCSL.
-0.23%
Real hourly pay, past year and Inflation, all items
No inflation-adjusted figure for October 2025: these columns divide hourly pay by the consumer price index, and the Bureau of Labor Statistics could not collect prices during the federal government shutdown (Oct. 1 to Nov. 12, 2025) and published no October 2025 index for most consumer price series. Source: BLS, 2025 federal government shutdown impact on the Consumer Price Index. No figure for October 2025: the Bureau of Labor Statistics could not collect prices during the federal government shutdown (Oct. 1 to Nov. 12, 2025) and published no October 2025 index for most consumer price series. Source: BLS, 2025 federal government shutdown impact on the Consumer Price Index. The line connects the readings on either side, and the data table marks the gap “not published.”
From Aug. 2025 to Aug. 2026, the periods both series have.
Left and Right arrows read the values point by point; Page Up and Page Down jump a tenth of the way later or earlier; Home and End go to the ends; Escape clears.
From Aug. 2016 to Aug. 2026, the periods both series have.
Left and Right arrows read the values point by point; Page Up and Page Down jump a tenth of the way later or earlier; Home and End go to the ends; Escape clears.
From March 2007 to Aug. 2026, the periods both series have.
Left and Right arrows read the values point by point; Page Up and Page Down jump a tenth of the way later or earlier; Home and End go to the ends; Escape clears.
From Aug. 2021 to Aug. 2026, the periods both series have.
Left and Right arrows read the values point by point; Page Up and Page Down jump a tenth of the way later or earlier; Home and End go to the ends; Escape clears.
Both lines are percentages on the same scale. A month of monthly data is one or two numbers, so the shortest range is a year.
Data table
| Date | Real hourly pay, past year | Inflation, all items |
|---|---|---|
| 2026-08-01 | -0.23% | 3.35% |
| 2026-07-01 | -0.09% | 3.30% |
| 2026-06-01 | -0.08% | 3.46% |
| 2026-05-01 | -0.80% | 4.17% |
| 2026-04-01 | -0.20% | 3.78% |
| 2026-03-01 | +0.14% | 3.29% |
| 2026-02-01 | +1.24% | 2.43% |
| 2026-01-01 | +1.23% | 2.39% |
| 2025-12-01 | +1.04% | 2.65% |
| 2025-11-01 | +1.20% | 2.70% |
| 2025-10-01 | not published | not published |
| 2025-09-01 | +0.80% | 3.02% |
| 2025-08-01 | +1.01% | 2.94% |
| 2025-07-01 | +1.19% | 2.74% |
| 2025-06-01 | +1.15% | 2.68% |
| 2025-05-01 | +1.57% | 2.38% |
| 2025-04-01 | +1.55% | 2.33% |
| 2025-03-01 | +1.79% | 2.38% |
| 2025-02-01 | +1.28% | 2.80% |
| 2025-01-01 | +0.96% | 2.99% |
| 2024-12-01 | +1.18% | 2.87% |
| 2024-11-01 | +1.43% | 2.72% |
| 2024-10-01 | +1.43% | 2.58% |
| 2024-09-01 | +1.45% | 2.43% |
| 2024-08-01 | +1.28% | 2.61% |
| 2024-07-01 | +0.67% | 2.94% |
| 2024-06-01 | +0.92% | 2.97% |
| 2024-05-01 | +0.88% | 3.24% |
| 2024-04-01 | +0.60% | 3.36% |
| 2024-03-01 | +0.64% | 3.49% |
| 2024-02-01 | +0.95% | 3.16% |
| 2024-01-01 | +1.26% | 3.09% |
| 2023-12-01 | +0.76% | 3.32% |
| 2023-11-01 | +0.95% | 3.13% |
| 2023-10-01 | +0.94% | 3.25% |
| 2023-09-01 | +0.71% | 3.69% |
| 2023-08-01 | +0.72% | 3.72% |
| 2023-07-01 | +1.34% | 3.29% |
| 2023-06-01 | +1.54% | 3.07% |
| 2023-05-01 | +0.22% | 4.13% |
| 2023-04-01 | -0.33% | 4.95% |
| 2023-03-01 | -0.28% | 4.92% |
| 2023-02-01 | -1.12% | 5.96% |
| 2023-01-01 | -1.72% | 6.33% |
| 2022-12-01 | -1.38% | 6.40% |
| 2022-11-01 | -1.90% | 7.12% |
| 2022-10-01 | -2.55% | 7.76% |
| 2022-09-01 | -2.83% | 8.19% |
| 2022-08-01 | -2.61% | 8.22% |
| 2022-07-01 | -2.75% | 8.46% |
| 2022-06-01 | -3.28% | 8.98% |
| 2022-05-01 | -2.75% | 8.54% |
| 2022-04-01 | -2.29% | 8.23% |
| 2022-03-01 | -2.47% | 8.57% |
| 2022-02-01 | -2.45% | 7.94% |
| 2022-01-01 | -1.84% | 7.56% |
| 2021-12-01 | -2.08% | 7.17% |
| 2021-11-01 | -1.44% | 6.90% |
| 2021-10-01 | -0.77% | 6.24% |
| 2021-09-01 | -0.35% | 5.35% |
| 2021-08-01 | -0.74% | 5.15% |
| 2021-07-01 | -0.88% | 5.25% |
| 2021-06-01 | -1.28% | 5.30% |
| 2021-05-01 | -2.48% | 4.92% |
| 2021-04-01 | -3.39% | 4.13% |
| 2021-03-01 | +1.81% | 2.67% |
| 2021-02-01 | +3.56% | 1.67% |
| 2021-01-01 | +3.85% | 1.37% |
| 2020-12-01 | +4.02% | 1.32% |
| 2020-11-01 | +3.37% | 1.18% |
| 2020-10-01 | +3.33% | 1.23% |
| 2020-09-01 | +3.36% | 1.39% |
| 2020-08-01 | +3.47% | 1.28% |
| 2020-07-01 | +3.82% | 1.00% |
| 2020-06-01 | +4.29% | 0.72% |
| 2020-05-01 | +6.39% | 0.20% |
| 2020-04-01 | +7.76% | 0.31% |
| 2020-03-01 | +1.93% | 1.49% |
| 2020-02-01 | +0.71% | 2.34% |
| 2020-01-01 | +0.43% | 2.60% |
| 2019-12-01 | +0.64% | 2.32% |
| 2019-11-01 | +1.16% | 2.09% |
| 2019-10-01 | +1.42% | 1.73% |
| 2019-09-01 | +1.37% | 1.68% |
| 2019-08-01 | +1.65% | 1.74% |
| 2019-07-01 | +1.58% | 1.83% |
| 2019-06-01 | +1.78% | 1.67% |
| 2019-05-01 | +1.51% | 1.80% |
| 2019-04-01 | +1.25% | 2.00% |
| 2019-03-01 | +1.52% | 1.88% |
| 2019-02-01 | +2.00% | 1.52% |
| 2019-01-01 | +1.74% | 1.49% |
| 2018-12-01 | +1.46% | 2.00% |
| 2018-11-01 | +1.22% | 2.15% |
| 2018-10-01 | +0.77% | 2.49% |
| 2018-09-01 | +0.78% | 2.33% |
| 2018-08-01 | +0.53% | 2.64% |
| 2018-07-01 | -0.01% | 2.85% |
| 2018-06-01 | +0.12% | 2.81% |
| 2018-05-01 | +0.15% | 2.78% |
| 2018-04-01 | +0.31% | 2.47% |
| 2018-03-01 | +0.49% | 2.33% |
| 2018-02-01 | +0.30% | 2.26% |
| 2018-01-01 | +0.61% | 2.15% |
| 2017-12-01 | +0.56% | 2.13% |
| 2017-11-01 | +0.29% | 2.17% |
| 2017-10-01 | +0.29% | 2.02% |
| 2017-09-01 | +0.60% | 2.18% |
| 2017-08-01 | +0.63% | 1.93% |
| 2017-07-01 | +0.83% | 1.73% |
| 2017-06-01 | +0.84% | 1.64% |
| 2017-05-01 | +0.60% | 1.86% |
| 2017-04-01 | +0.36% | 2.18% |
| 2017-03-01 | +0.15% | 2.44% |
| 2017-02-01 | -0.09% | 2.81% |
| 2017-01-01 | -0.03% | 2.51% |
| 2016-12-01 | +0.63% | 2.05% |
| 2016-11-01 | +0.87% | 1.68% |
| 2016-10-01 | +1.07% | 1.69% |
| 2016-09-01 | +1.06% | 1.55% |
| 2016-08-01 | +1.36% | 1.06% |
| 2016-07-01 | +1.83% | 0.87% |
| 2016-06-01 | +1.51% | 1.08% |
| 2016-05-01 | +1.35% | 1.08% |
| 2016-04-01 | +1.38% | 1.17% |
| 2016-03-01 | +1.51% | 0.89% |
| 2016-02-01 | +1.52% | 0.85% |
| 2016-01-01 | +1.29% | 1.24% |
| 2015-12-01 | +1.87% | 0.64% |
| 2015-11-01 | +1.95% | 0.44% |
| 2015-10-01 | +2.35% | 0.13% |
| 2015-09-01 | +2.23% | 0.01% |
| 2015-08-01 | +2.04% | 0.24% |
| 2015-07-01 | +1.93% | 0.23% |
| 2015-06-01 | +1.90% | 0.18% |
| 2015-05-01 | +2.30% | 0.04% |
| 2015-04-01 | +2.37% | -0.10% |
| 2015-03-01 | +2.24% | -0.02% |
| 2015-02-01 | +1.98% | -0.09% |
| 2015-01-01 | +2.38% | -0.23% |
| 2014-12-01 | +1.20% | 0.65% |
| 2014-11-01 | +0.83% | 1.23% |
| 2014-10-01 | +0.46% | 1.61% |
| 2014-09-01 | +0.39% | 1.68% |
| 2014-08-01 | +0.44% | 1.72% |
| 2014-07-01 | +0.11% | 1.97% |
| 2014-06-01 | +0.03% | 2.06% |
| 2014-05-01 | -0.03% | 2.17% |
| 2014-04-01 | -0.05% | 2.02% |
| 2014-03-01 | +0.52% | 1.61% |
| 2014-02-01 | +1.18% | 1.12% |
| 2014-01-01 | +0.46% | 1.56% |
| 2013-12-01 | +0.42% | 1.51% |
| 2013-11-01 | +1.00% | 1.23% |
| 2013-10-01 | +1.36% | 0.88% |
| 2013-09-01 | +0.97% | 1.09% |
| 2013-08-01 | +0.75% | 1.54% |
| 2013-07-01 | +0.20% | 1.89% |
| 2013-06-01 | +0.41% | 1.72% |
| 2013-05-01 | +0.65% | 1.39% |
| 2013-04-01 | +0.90% | 1.14% |
| 2013-03-01 | +0.36% | 1.52% |
| 2013-02-01 | +0.13% | 2.02% |
| 2013-01-01 | +0.37% | 1.68% |
| 2012-12-01 | +0.39% | 1.76% |
| 2012-11-01 | +0.10% | 1.80% |
| 2012-10-01 | -0.51% | 2.16% |
| 2012-09-01 | +0.04% | 1.95% |
| 2012-08-01 | +0.13% | 1.69% |
| 2012-07-01 | +0.22% | 1.42% |
| 2012-06-01 | +0.34% | 1.65% |
| 2012-05-01 | +0.17% | 1.74% |
| 2012-04-01 | -0.17% | 2.27% |
| 2012-03-01 | -0.43% | 2.58% |
| 2012-02-01 | -1.07% | 2.90% |
| 2012-01-01 | -1.27% | 3.01% |
| 2011-12-01 | -1.01% | 3.06% |
| 2011-11-01 | -1.38% | 3.45% |
| 2011-10-01 | -1.49% | 3.52% |
| 2011-09-01 | -1.80% | 3.81% |
| 2011-08-01 | -1.74% | 3.75% |
| 2011-07-01 | -1.23% | 3.58% |
| 2011-06-01 | -1.37% | 3.50% |
| 2011-05-01 | -1.37% | 3.46% |
| 2011-04-01 | -1.17% | 3.08% |
| 2011-03-01 | -0.77% | 2.62% |
| 2011-02-01 | -0.29% | 2.12% |
| 2011-01-01 | +0.39% | 1.70% |
| 2010-12-01 | +0.30% | 1.44% |
| 2010-11-01 | +0.65% | 1.08% |
| 2010-10-01 | +0.71% | 1.17% |
| 2010-09-01 | +0.67% | 1.12% |
| 2010-08-01 | +0.60% | 1.15% |
| 2010-07-01 | +0.50% | 1.34% |
| 2010-06-01 | +0.63% | 1.12% |
| 2010-05-01 | -0.24% | 2.00% |
| 2010-04-01 | -0.43% | 2.21% |
| 2010-03-01 | -0.42% | 2.29% |
| 2010-02-01 | +0.03% | 2.15% |
| 2010-01-01 | -0.60% | 2.62% |
| 2009-12-01 | -0.88% | 2.81% |
| 2009-11-01 | +0.28% | 1.91% |
| 2009-10-01 | +2.76% | -0.22% |
| 2009-09-01 | +3.92% | -1.38% |
| 2009-08-01 | +3.99% | -1.48% |
| 2009-07-01 | +4.74% | -1.96% |
| 2009-06-01 | +4.16% | -1.23% |
| 2009-05-01 | +4.08% | -1.02% |
| 2009-04-01 | +3.97% | -0.58% |
| 2009-03-01 | +3.69% | -0.45% |
| 2009-02-01 | +3.33% | 0.01% |
| 2009-01-01 | +3.75% | -0.11% |
| 2008-12-01 | +3.76% | -0.02% |
| 2008-11-01 | +2.38% | 1.10% |
| 2008-10-01 | -0.39% | 3.73% |
| 2008-09-01 | -1.59% | 4.95% |
| 2008-08-01 | -1.87% | 5.31% |
| 2008-07-01 | -2.22% | 5.50% |
| 2008-06-01 | -2.11% | 4.94% |
| 2008-05-01 | -1.02% | 4.09% |
| 2008-04-01 | -1.03% | 3.90% |
| 2008-03-01 | -0.85% | 3.97% |
| 2008-02-01 | -1.24% | 4.14% |
| 2008-01-01 | -1.32% | 4.29% |
| 2007-12-01 | -1.24% | 4.11% |
| 2007-11-01 | -1.24% | 4.37% |
| 2007-10-01 | -0.46% | 3.61% |
| 2007-09-01 | +0.30% | 2.83% |
| 2007-08-01 | +1.42% | 1.90% |
| 2007-07-01 | +0.87% | 2.32% |
| 2007-06-01 | +0.89% | 2.69% |
| 2007-05-01 | +0.80% | 2.71% |
| 2007-04-01 | +0.47% | 2.59% |
| 2007-03-01 | +0.58% | 2.80% |
Source: Federal Reserve Bank of St. Louis, FRED: Average Hourly Earnings of All Employees, Total Private (CES0500000003), deflated by the Consumer Price Index for All Urban Consumers: All Items (CPIAUCSL). CES0500000003, CPIAUCSL · retrieved Oct. 5, 2026 · 246 rows · as of August 2026 · monthly. Series: CES0500000003, CPIAUCSL. Compared with: Consumer Price Index, all urban consumers, all items, U.S. city average (FRED series CPIAUCSL), Federal Reserve Bank of St. Louis, FRED, CPIAUCSL, CPILFESL, CUSR0000SAF11 · retrieved Oct. 5, 2026 · 319 rows · as of August 2026 · monthly. CSV of Inflation, all items. Download CSV