Key indicators
INFLATION +3.3% AVERAGE EARNINGS +4.6%
FULL-TIME AVERAGE WEEKLY EARNINGS
£pwAll workers 420.3
All male 461.8
All female 349.7
All non-manual 466.3
Female non-manual 370.1
£pwMale non-manual 549.9
All manual 326.2
Female manual 238.3
Male manual 344.6
Source: Labour Market Trends June 2000 updating April 1999 New Earnings
Survey figures
Inflation and earnings Forecasts
2000 2001Retail Price Index
Average 3.1 2.5
Range 2.4-4.2 1.6-3.3
Earnings, whole economy
Average 5.0 4.8
Range 4.0-5.8 4.0-5.5
Figures are for fourth quarter of year in each case. Average of around
40 independent forecasts published by the Treasury.earnings and pay
% annual rise LRD Whole Manu- Services1 Private Public average economy1 facturing1 sector1 sector1 pay deals2 1999June 5.3 3.5 6.0 5.5 4.9 3.0
July 4.4 3.5 4.9 4.5 4.2 3.0
August 5.0 4.0 5.4 5.3 3.8 3.0
September 4.6 4.3 4.9 4.8 3.9 3.0
October 5.1 4.5 5.3 5.4 4.0 3.0
November 5.1 4.8 5.3 5.3 3.9 3.0
December 6.2 5.8 6.3 6.8 3.6 3.0
2000January 6.5 5.6 6.8 6.9 4.5 2.5
February 5.5 4.6 5.7 5.8 4.4 2.5
March 5.2 4.5 5.4 5.6 3.8 2.7
April 4.6 4.5 4.7 4.6 4.4 3.0
May 4.0 5.1 3.6 4.2 3.3 3.0
June (p) 3.8 4.4 3.4 3.9 3.5 3.0
Headline
rate for June3 4.1 4.7 3.9 4.2 3.7
1 Average weekly earnings in Great Britain, seasonally adjusted. 2 Themidpoint of pay settlements for the three months to June as monitored on
the Labour Research Department's PayLine database. 3 The average of the
earnings increase figures for the latest three months compared with a
year earlier. (p) provisional
Retail prices
Retail price % increase index % excluding (Jan 1987 annual mortgage =100) increase payments 1999April 165.2 1.6 2.4
May 165.6 1.3 2.1
June 165.6 1.3 2.2
July 165.1 1.3 2.2
August 165.5 1.1 2.1
September 166.2 1.1 2.1
October 166.5 1.2 2.2
November 166.7 1.4 2.2
December 167.3 1.8 2.2
2000January 166.6 2.0 2.1
February 167.5 2.3 2.2
March 168.4 2.6 2.0
April 170.1 3.0 1.9
May 170.7 3.1 2.0
June 171.1 3.3 2.2
July 170.5 3.3 2.2