This indicator measures the percentage change in the Wage Price Index compared to the same quarter of the previous year. It provides a broader view of long-term wage trends and structural inflation within the labor market. It is highly influential in determining the long-term trajectory of monetary policy and consumer purchasing power.
It is derived by comparing the current quarter's Wage Price Index value to the value from the corresponding quarter one year prior. The data is collected via the Survey of Employer Pay and Employee Characteristics.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 19, 2026 | 3.20 | 3.20 | 0.00 |
| May 13, 2026 | 3.20 | 3.30 | -0.10 |
| Feb 18, 2026 | 3.40 | 3.40 | 0.00 |
| Nov 19, 2025 | 3.40 | 3.40 | 0.00 |
| Aug 13, 2025 | 3.40 | 3.30 | +0.10 |
| May 14, 2025 | 3.40 | 3.20 | +0.20 |
| Feb 19, 2025 | 3.20 | 3.20 | 0.00 |
| Nov 13, 2024 | 3.50 | 3.60 | -0.10 |
| Aug 13, 2024 | 4.10 | 4.00 | +0.10 |
| May 15, 2024 | 4.10 | 4.20 | -0.10 |
| Feb 21, 2024 | 4.20 | 4.10 | +0.10 |
| Nov 15, 2023 | 4.00 | 3.90 | +0.10 |
| Aug 15, 2023 | 3.60 | 3.70 | -0.10 |
| May 17, 2023 | 3.70 | 3.60 | +0.10 |
| Feb 22, 2023 | 3.30 | 3.50 | -0.20 |
| Nov 16, 2022 | 3.10 | 3.00 | +0.10 |
| Aug 17, 2022 | 2.60 | 2.70 | -0.10 |
| May 18, 2022 | 2.40 | 2.50 | -0.10 |
| Feb 23, 2022 | 2.30 | 2.40 | -0.10 |
| Nov 17, 2021 | 2.20 | 2.20 | 0.00 |
| Date | First print | Current | Revision |
|---|---|---|---|
| May 13, 2026 | 3.30 | 3.20 | -0.10 ↓ |
