Real Wage=(Nominal WageCPI for current period)×100Real Wage equals open paren the fraction with numerator Nominal Wage and denominator CPI for current period end-fraction close paren cross 100 : The actual dollar amount on your paycheck.

: The price index value provided by government agencies like the U.S. Bureau of Labor Statistics (BLS). Step-by-Step Paper Calculation

: Use the CPI Inflation Calculator for reliable monthly comparisons.

If you prefer not to do the math manually, these resources provide ready-made calculators:

Example : If Current CPI is 317.7 and Base CPI was 258.0, your ratio is

To find your wage's value in "constant dollars" (buying power), use this calculation: