Average Hourly Earnings Increase 0.8%, CPI Increases 0.4% in December

The U.S. Bureau of Labor Statistics has reported that average hourly earnings increased 0.4 percent from November to December 2020. This result stems from an increase of 0.8 percent in average hourly earnings combined with an increase of 0.4 percent in the Consumer Price Index (CPI). Average hourly earnings increased 3.7 percent from December 2019 to December 2020.