Are Pay Rises Chasing Inflation Higher?

September 25, 2023 00:08:19
Are Pay Rises Chasing Inflation Higher?
Digital Finance Analytics (DFA) Blog
Are Pay Rises Chasing Inflation Higher?

Sep 25 2023 | 00:08:19

/

Show Notes

In the UK, Annual growth in regular pay (excluding bonuses) is the highest we have seen since comparable records began in 2001. The Office for National statistics said In May to July 2023, annual growth in regular pay (excluding bonuses) was 7.8%, the same as the previous three-month period and the highest regular annual growth rate since comparable records began in 2001. Annual growth in employees’ average total pay (including bonuses) was 8.5% in May to July 2023; this total growth rate is affected by the NHS and civil service one-off payments made in June and July 2023. But we […]

Other Episodes

Episode

August 22, 2025 01:21:38
Episode Cover

Lies, Damned Lies, and Statistics: With Tarric Brooker

Another Friday evening deep dive into the data with journalist Tarric Brooker, as we look at the question of whether we can believe official...

Listen

Episode 0

October 12, 2023 00:05:58
Episode Cover

The RBA’s Third Phase Of Tightening, And What Happens Next...

The Reserve Bank of Australia’s (RBA) Assistant Governor (Financial Markets), Christopher Kent, gave an Address to Bloomberg on Wednesday where he expressed why the...

Listen

Episode

July 12, 2024 00:08:56
Episode Cover

US Markets Swing Towards Rate Cuts As Inflation Eases...

Here we go again, as inflation, which had been falling last year, but rising in the first part of 2024, now appears to be...

Listen