How has the minimum wage progressed over the last 13 years? Here are the minimum wage increase rates by year

Here are the minimum wage increase rates by year...

In 2011, the minimum wage increase rate was 9.5 percent. The year-end CPI was 10.5.

In 2012, the minimum wage increase rate was 11.8 percent. The year-end CPI was 6.2.

In 2013, the average annual minimum wage increase rate was 9.4 percent, while the year-end CPI was recorded at 7.4.

In 2014, the minimum wage was increased by 10.2 percent. The year-end CPI was 8.2.

In 2015, the minimum wage rose by 12.2 percent. The year-end CPI was 8.8.

In 2016, the minimum wage received a 33.5 percent hike, while the year-end CPI was 8.5. This increase was recorded as the highest in the minimum wage for the 2011-2016 period.

In 2017, the average annual minimum wage increase rate was 7.9 percent, and the year-end CPI was 11.9.

In 2018, the minimum wage was increased by 14.2 percent, while the year-end CPI was 20.3.

In 2019, the minimum wage increase rate was 26.1 percent, and the year-end CPI was recorded at 11.8.

In 2020, when the pandemic and the global crisis broke out, the minimum wage was increased by 15 percent, and the year-end CPI was 14.6.

By 2021, the average annual minimum wage increase rate was 21.6 percent, and the year-end CPI was 36.1.

In 2022, the minimum wage increased by an annual average of 72.6 percent, and the year-end CPI rose to 64.3 percent.

In 2023, a record for minimum wage hikes was broken with an increase of 104.1 percent, while the year-end CPI was 64.8.

In 2024, the minimum wage increased by an annual average of 70.8 percent, and the year-end CPI was 44.