Workplace Report December 2006

Pay and prices

Average earnings indices (including bonuses)

Earnings index* Annual rise
Whole economy Manufacturing Services Private sector Public sector
August 2005 (r) 122.1 4.1% 4.3% 4.1% 4.1% 4.3%
September (r) 122.3 3.8% 4.5% 3.5% 3.8% 4.0%
October (r) 122.4 3.2% 4.5% 2.9% 3.0% 4.1%
November 123.1 3.5% 4.4% 3.4% 3.2% 4.4%
December 124.0 4.2% 4.4% 3.9% 3.9% 4.7%
January 2006 124.5 3.0% 5.0% 2.8% 2.9% 4.1%
February 125.8 5.0% 5.2% 5.1% 5.3% 4.1%
March 125.3 4.4% 4.8% 4.4% 4.4% 4.3%
April 124.8 3.5% 5.9% 3.2% 3.7% 2.9%
May 125.9 4.4% 5.7% 4.2% 4.7% 3.7%
June 126.6 4.9% 5.8% 4.9% 5.3% 3.7%
July 126.5 3.9% 4.8% 3.8% 3.8% 4.1%
August (r) 126.8 3.8% 5.3% 3.7% 3.9% 3.2%
Sept (r) 127.3 4.1% 5.4% 4.2% 4.3% 3.4%
October (p) 127.7 4.3% 5.3% 4.4% 4.5% 3.2%
Headline rate** for Oct 4.1% 5.3% 4.1% 4.2% 3.3%

* 2000=100.

** Average of earnings increases for latest three months compared to year earlier.

(r) revised. (p) provisional.

Source: National Statistics.

Average of average earnings forecasts for 2006 is 4.1% (HM Treasury).