Workplace Report March 2014

Pay and prices

Average weekly earnings (AWE)

Total pay including bonuses. Percentage annual increases

Month Whole economy Private sector Public sector Manu- facturing Services
November 2012 (r) 1.5% 1.5% 1.9% 1.5% 1.6%
December (r) 1.1% 1.0% 2.0% 1.8% 1.4%
January 2013 (r) 1.1% 1.0% 1.7% 1.4% 1.2%
February 1.0% 0.6% 4.8% 1.8% 1.0%
March -0.3% -1.0% 1.2% 2.9% -0.3%
April 3.8% 5.1% 1.4% 3.5% 3.8%
May 1.8% 2.0% 1.4% 1.7% 1.8%
June 0.9% 1.3% -0.1% 2.6% 0.9%
July 0.8% 1.0% 0.1% 2.1% 0.7%
August 0.6% 1.2% -1.3% 1.6% 0.3%
September 0.9% 1.2% 0.0% 1.8% 0.7%
October 1.1% 1.5% 0.3% 2.1% 1.0%
November (r) 0.8% 1.0% 0.1% 2.7% 0.6%
December (r) 1.7% 2.2% 0.4% 2.9% 1.5%
January 2014 (p) 1.7% 1.9% 0.9% 3.9% 1.2%
Headline rate1 1.4% 1.7% 0.5% 3.2% 1.0%

1 The latest three-month average.

(r) revised, (p) provisional.

Source: Office for National Statistics

Average of average earnings forecasts for 2014 is 2.2% (HM Treasury).

www.ons.gov.uk/ons/dcp171778_354442.pdf