Real Wages in June

Using CPI, wage earner-CPI, CPI ex shelter, and Everyday Prices:

Figure 1: Average hourly wage in 2025$ using headline CPI (bold black), wage earner and clerical worker CPI (red), CPI ex-shelter (blue), and Everday Price Index (green). May Everyday Price Index estmated using reported CPI and gasoline price changes. Source: BLS, AIER, and author’s calculations.

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