Pay and prices
Sixth 2.8% increase
It’s as you were with collectively agreed pay settlements.
The median (midpoint) increase for pay deals on LRD’S Payline database for the three months to June was 2.8% — the same increase as for the other months of 2019.
Increases in pay settlements has been lagging behind inflation as the RPI rate has been running at 2.9% in June, 3.0% in May and April.
However, in the latest available two months, official data on average weekly earnings, excluding bonuses, show growth has outstripped inflation by 0.8 percentage points in May and 1.0 percentage points in April.