Annual Features: Arizona Prices in the 21st Century

Average hourly wages (not seasonally adjusted) in Arizona increased $1.01 in December (+3.0%) – making Arizona 2nd in the U.S. for wage growth.

Inflation as measured by the Consumer Price Index (CPI) for the Phoenix metro area rose 1.62% year-over-year in December, an increase from 1.56% in October.

Arizona gained 4,100 nonfarm jobs in November (+0.12%, +1.85% year-over-year) – putting Arizona in the middle (26th) among all states in monthly job growth.

Arizona gained 5,400 nonfarm jobs in October (+0.16%, +2.1% year-over-year) – putting Arizona near the top (12th) among all states in monthly job growth.