Pay and prices

January’s 3% the real deal 

Pay settlements started the year as they finished 2017, LRD Payline data shows. 

In January, the median rise on lowest basic rates for the whole economy was 3.0% — the same rise as for December 2017. 

The standard increase for January — the rise received by most grades — was also 3.0%. 

In the 2017-18 pay round so far, the median increase for the whole economy was 2.6%. 

Official earnings data showed a 2.6% rise average weekly earnings, excluding bonuses for the whole economy in December 2017.

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