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 April

Manufacturing 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 rate

Average 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