Monday, September 28, 2015

Average Hourly Wages on the Rise

After years of remaining flat, average hourly wages (adjusted for inflation) have risen in 2015. In August 2015, average hourly wages in Oregon were $23.42, up from $23.16 in August 2014.

This comes in part from essentially no change in the Consumer Price Index (CPI) over the year, which was held down by a 12-month decrease in gas prices of 23.3 percent.

Below, find the 12-month change in price for certain items in the Consumer Price Index. Note the steep drop in gas prices, compared with the more stable change in all items.

For the full report on CPI, read the BLS' latest news release.

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