Real vs. Nominal Wage Growth

July 06, 2023

This 10-minute podcast was released July 6, 2023, as a part of the Timely Topics podcast series.

Victoria Gregory speaking into a microphone in a recording studio.

St. Louis Fed economist Victoria Gregory discusses the difference between real and nominal wage growth during a Timely Topics podcast episode.

“Of particular concern is the extent to which wages have kept up with the rising cost of living,” says Victoria Gregory, an economist at the Federal Reserve Bank of St. Louis, in explaining the distinction between real and nominal wage growth. Gregory joins Vince Brennan, a senior editor in the Bank’s External Engagement and Corporate Communications Division, to discuss her research on inflation and real wage growth.


Economists and experts talk about their research, topics in the news and issues related to the Fed. Views expressed are not necessarily those of the St. Louis Fed or the Federal Reserve System.

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