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 March

Manufacturing 5.3% Services 4.3%

Latest figures for full-time weekly earnings

all workers £411.30 all female £338.30

all male £454.00 all manual £324.30

all non-manual £453.00 female manual £228.40

female non-manual £358.20 male manual £344.70

male non-manual £534.40 Source: New Earnings Survey 2000, projected to October (Labour Market Trends, March 2001)

Prices - underlying increase and forecasts

underlying rate for April 2.0%

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 1.9 1.8 2.4 2.1

Source: HM Treasury Forecasts for the UK economy, April 2001