Assuming wages are indexed to inflation, if prices rose by 1.4 percent this month and your last month's wage was $1,000, your wage this month would be $1,014.

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Quizplus · Accepted Answer

If wages are indexed to inflation, they will increase by the same percentage as the increase in prices. In this case, a 1.4 percent increase in prices would result in a 1.4 percent increase in wages, which would bring the wage up to $1,014.

Assuming Wages Are Indexed to Inflation, If Prices Rose by 1.4