Pay & prices
Other pay analysts
Confederation of British Industry (manufacturing) 3.1%
(average, three months to February 2001)Industrial Relations Services (whole economy) 3.3%
(median, three months to end March 2001)Incomes Data Services (most settlements) 3.0%-3.9%
(January-April 2001)Average earnings increases by sector
% change on year to AprilManufacturing 5.3% Services 4.5%
Latest figures for full-time weekly earnings
all workers £430.90 all female £359.30
all male £473.70 all manual £345.10
all non-manual £468.90 female manual £243.60
female non-manual £378.20 male manual £366.10
male non-manual £547.70 Source: New Earnings Survey 2000, projected to January 2001 (Labour Market Trends, June 2001)
Prices - underlying increase and forecasts
underlying rate for May 2.4%
Forecasts 4th quarter 2001 4th quarter 2002
RPI/underlying rate RPI/underlying rateAverage 1.7 1.9 2.5 2.3
Oxford Economic Forecasting 1.5 1.9 2.4 2.2
NIESR 1.6 1.7 2.3 2.3
Source: HM Treasury Forecasts for the UK economy, May 2001