Re:Wages climbed 5%, a still-rapid pace as Fed awaits slowdown
by reducesuffering on Sunday July 10, 2022 @08:25PM
(#32050755)
Like, the other commenter said, it's YoY, and a subtle mistake to think you can compartmentalize it to monthly is YoY / 12. Often what can happen is a sudden spike, like 8% inflation, where every month for the next year would turn out as 8% even though the month-to-month is flat every month except for the one sudden 8% jump.
Monthly = YoY / 12 iff inflation is linear and steady. (it almost never is)
Re:Wages climbed 5%, a still-rapid pace as Fed awaits slowdown
by peyton on Sunday July 10, 2022 @03:05PM
(#32047826)
Above 8% is YoY. Last release was May 22 at 1% MoM adjusted, which is 12.6% annualized.
I believe if you calculate it, inflation has been ~6%/yr over the last 2 years.
So a 5% rise in wages is almost keeping up with inflation this year.
Someone can check my math using the CPI-U numbers.