Key indicators

INFLATION +3.3% AVERAGE EARNINGS +4.6%

FULL-TIME AVERAGE WEEKLY EARNINGS

£pw

All workers 420.3

All male 461.8

All female 349.7

All non-manual 466.3

Female non-manual 370.1

£pw

Male 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 2001

Retail 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 1999

June 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

2000

January 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 The

midpoint 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 1999

April 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

2000

January 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