Workplace Report July 2012

Pay and prices

Average weekly earnings (AWE)

Total pay including bonuses. Percentage annual increases

Month	Whole economy	Private sector	Public sector	Manu- facturing	Services
Mar 2011 (r)	2.0	2.5	2.4	-0.1	2.6
April (r)	2.3	2.3	2.2	1.5	2.7
May (r)	2.2	2.5	1.8	1.2	2.7
June	2.9	3.4	2.5	2.1	3.4
July	2.8	2.9	2.7	1.7	3.1
August	2.2	2.3	2.2	1.1	2.5
September	1.9	1.9	2.1	1.9	1.9
October	2.1	2.2	1.9	1.0	2.4
November	1.9	2.1	1.7	2.1	2.0
December	1.7	2.2	1.4	1.3	2.2
January 2012	0.5	0.4	0.8	0.8	0.4
February	1.4	1.3	1.1	2.3	1.2
March	0.8	0.4	1.8	-0.7	1.0
April (r)	2.1	2.4	1.3	2.4	2.1
May (p)	1.7	1.8	1.5	2.9	1.6
Headline rate¹	1.5	1.5	1.5	1.5	1.6

¹The latest three-month average.

Source: Office for National Statistics

(r)revised, (p) provisional.

Average of average earnings forecasts for 2012 is 1.9% (HM Treasury).