How NP pay compares to inflation

The average annual salary for nurse practitioners increased by 3% between 2023 and 2024, while inflation is currently down by 19.5%.

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Here is how the average pay for nurse practitioners, as reported by the Bureau of Labor Statistics, compares to the average U.S. inflation rate.

2023

Average salary: $124,680

Inflation rate: 4.1 percent

2024

Average salary: $128,490

Inflation rate (as of June): 3.3 percent

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