Meanwhile, inflation rose by nearly the same percent in 2012. For this analysis, I'm using the latest estimates for the Consumer Price Index for All Urban Consumers as projected by the Oregon Department of Administrative Services. Last year, this measure of inflation rose by 2.3 percent for the greater‑Portland area, and 2.0 percent at the national level.
Looking back over the past four years, annual inflation has been slow and steady, averaging 1.7 percent for Portland and 1.6 percent for the U.S. In comparison, the private-sector average hourly earnings for Oregon rose by 1.5 percent per year. This survey data indicates that since 2008, Oregon wages have risen at almost exactly the same rate as inflation.