Subscribe
purchasing power
Business / 18 weeks ago
U.S. dollar sees significant inflation surge from 2015 to 2025, peaking in the pandemic aftermath
Over the past decade, the U.S. dollar has experienced a steady yet noticeable erosion in purchasing power, with cumulative inflation pushing the nominal value of $500,000 in 2015 to a staggering $678,147.56 by 2025. This represents a cumulative inflation growth of approximately 35.6%, according to data compiled by World Visualized using figures from the U.S. Department of Labour.
Business / 38 weeks ago
How economic conditions are impacting the average hourly wages in Europe
The European economy has experienced significant fluctuations in recent years, influenced by factors such as inflation, unemployment, and GDP growth. These economic conditions have a profound impact on average hourly wages across Europe. According to data from Eurostat, the statistical office of the European Union, we can gain valuable insights into the relationship between economic conditions and average hourly wages. Inflation plays a crucial role in determining average hourly wages. When inflation rises, the purchasing power of consumers decreases, and employers may need to adjust wages to maintain employees' standard of living. Eurostat data reveals that countries with high inflation rates, such as Hungary and Poland, have experienced significant growth in average hourly wages (€12.8 and €11.9 respectively) between 2023 and 2024.
