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March 24, 2005
Consumer Prices Take Bite Out of Wages

When adjusted for an increase in consumer prices, average weekly earnings fell by 0.4 percent from January 2005 to February 2005 after seasonal adjustment, according to the Bureau of Labor Statistics of the U.S. Department of Labor.

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The change resulted from a 0.4 percent increase in the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). Average hourly earnings and average weekly hours were unchanged.

Average weekly earnings rose by 2.2 percent, seasonally adjusted, from February 2004 to February 2005. After deflation by the CPI-W, average weekly earnings decreased by 0.8 percent. Before adjustment for seasonal change and inflation, average weekly earnings were $532.06 in February 2005, compared with $526.94 a year earlier.

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