Pay and prices
Payline deals averaging 2.7%
Settlements have maintained their level in the first four months of 2019.
The median (midpoint) increase for pay deals on LRD’s Payline database for the three months to April is 2.7% — that’s the same median as for January, February and March. In the private sector the median has slipped from 2.8% in the first three months of the year to 2.7% in April.
With RPI inflation running at between 2.4% and 2.5% in the first quarter of the year, the increases in pay deals were in real terms, that is, outstripped inflation. However, the latest 3.0% rise in inflation means pay has lost ground.