Pay and prices
No change on 2.8% increase
Taking into account revisions to earlier months, settlements have seen no change in 2019.
The median (midpoint) increase for pay deals on LRD’S Payline database for the three months to May was 2.8% — the same increase for all previous months this year.
Pay has lost ground with inflation over the past two months as the RPI rate has been running at 3.0%.
In the private sector, the increases for 2019 have been 2.8% apart from a glitch in April. For the the public sector the rise started off at 2.0% but has been 2.9% in both April and May, overtaking the private sector.