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Mentions of inflation have leveled off since March 2022, with readings of 17% or 18%, after increasing throughout the fall and winter months.
They remain relatively high compared with recent history but have been higher in the past, including 52% in October 1981, 49% in January 1982 and 31% in April 1982, around the time inflation was last at its current rate. Inflation had been named by an average of 1% of Americans between 1990 and 2021.
#inflation #economy
Details at Gallup
Americans are most worried about inflation
Share of Americans by political affiliation who said each issue was among the most important facing the country
Based on FiveThirtyEight/Ipsos survey conducted April 27-May 5, 2022, among a sample of 2,006 adults that was weighted to match the general population. Respondents could select up to three issues.
More details at 538
#inflation #politics
Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private, Jan 2020=100
over
Consumer Price Index for All Urban Consumers: All Items in U.S. City Average, Jan 2020=100
#economy #inflation #wages
Year over year growth in CPI and Wages
Wages are Average Hourly Earnings of Production and Nonsupervisory Employees, Total Private
and CPI is Consumer Price Index for All Urban Consumers: All Items in U.S. City Average
#economy #inflation #wages
Data is indexed to 2020-01 = 100 to show overall inflation since the start of the pandemic. This is to look at the pandemic period as a whole, as the pandemic may have kept prices depressed one year in.
#economy #inflation
Despite the highest inflation in 40-years, real wages are higher than pre-pandemic.
Real wages in March 2022, as calculated by the ratio of Avg. Hrly Earnings to CPI, is actually up 1.8% since Jan 2020!
Average Hourly Earnings are of Production and Nonsupervisory Employees, Total Private, which Paul Krugman used in his Jan 25th op-ed discussing the inflation narrative.
#economy #inflation #wages
Despite the highest inflation in 40-years, real wages are higher than pre-pandemic.
Real wages in March 2022, as calculated by the ratio of Avg. Hrly Earnings to CPI, is actually up 1.8% since Jan 2020!
Average Hourly Earnings are of Production and Nonsupervisory Employees, Total Private, which Paul Krugman used in his Jan 25th op-ed discussing the inflation narrative.
#economy #inflation #wages