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Key economic indicators
INFLATION (RPI) +4.8% AVERAGE EARNINGS (ONS regular) +5.0%
Earnings and pay
| % increase11 | Whole economy | Manufacturing | Services | Private sector | Public sector2 | LRD pay deals3 |
|---|---|---|---|---|---|---|
| April | 5.7% | 6.1% | 5.9% | 5.5% | 5.9% | 5.0% |
| May | 5.4% | 5.9% | 5.5% | 5.2% | 6.4% | 5.0% |
| June | 5.4% | 5.8% | 5.4% | 5.3% | 5.6% | 5.0% |
| July | 5.2% | 6.2% | 5.2% | 5.2% | 5.0% | 4.8% |
| August | 4.9% | 5.8% | 4.9% | 4.9% | 4.8% | 4.9% |
| September | 5.1% | 6.2% | 5.1% | 5.3% | 3.9% | 4.5% |
| October | 6.1% | 6.1% | 6.1% | 6.6% | 4.4% | 4.3% |
| November | 5.6% | 5.9% | 5.5% | 5.8% | 4.6% | 4.0% |
| December | 6.0% | 5.7% | 6.1% | 6.0% | 6.2% | 4.0% |
| January 2025 | 5.9% | 5.7% | 5.9% | 5.9% | 6.1% | 3.7% |
| February | 5.8% | 5.6% | 5.8% | 5.8% | 6.2% | 3.6% |
| March | 4.9% | 5.2% | 4.9% | 4.9% | 5.6% | 3.5% |
| April | 5.1% | 4.8% | 5.0% | 4.9% | 6.2% | 4.0% |
| May | 5.0% | 4.5% | 5.2% | 4.9% | 5.9% | 4.0% |
| June | 4.8% | 4.6% | 4.8% | 4.5% | 6.2% | 4.0% |
| Headline rate for June | 5.0% | 4.6% | 5.0% | 4.8% | 6.1% |
1 Increases in average weekly earnings (total pay) in Great Britain, seasonally adjusted, as monitored by National Statistics.
2 Excludes financial services
3 Midpoint pay increase among settlements reached in the previous three months, as recorded on the Labour Research Department's Payline database (lowest basic rate).
4 Average of the earnings increase figures for the latest three months compared with a year earlier. Figures may be revised from month to month.
https://www.ons.gov.uk/employmentandlabourmarket/peopleinwork/earningsandworkinghours
Retail Prices Index
| Month | RPI Value | % annual increase in RPI | % annual increase in CPIH2 |
|---|---|---|---|
| January 2024 | 378.0 | 4.9% | 4.2% |
| February | 381.0 | 4.5% | 3.8% |
| March | 383.0 | 4.3% | 3.8% |
| April | 385.0 | 3.3% | 3.0% |
| May | 386.4 | 3.0% | 2.8% |
| June | 387.3 | 2.9% | 2.8% |
| July | 387.5 | 3.6% | 3.1% |
| August | 389.9 | 3.5% | 3.1% |
| September | 388.6 | 2.7% | 2.6% |
| October | 390.7 | 3.4% | 3.2% |
| November | 390.9 | 3.6% | 3.5% |
| December | 392.1 | 3.5% | 3.5% |
| January 2025 | 391.7 | 3.6% | 3.9% |
| February | 394.0 | 3.4% | 3.7% |
| March | 395.3 | 3.2% | 3.4% |
| April | 402.2 | 4.5% | 4.1% |
| May | 402.9 | 4.3% | 4.0% |
| June | 404.5 | 4.4% | 4.1% |
| July | 406.2 | 4.8% | 4.2% |
1 January 1987=100
2 Consumer Prices Index Housing, Source: National Statistics
https://www.ons.gov.uk/economy/inflationandpriceindices
Full-time average weekly earnings by occupation
| All employees | £766.41 |
| All male | £813.76 |
| All female | £706.85 |
| Managers | £1,089.05 |
| Professionals | £952.88 |
| Associate professionals1 | £738.52 |
| Administrative and secretarial | £595.93 |
| Skilled/craft | £711.37 |
| Services2 | £547.95 |
| Sales | £542.89 |
| Operatives | £673.49 |
| Other manual jobs3 | £551.00 |
1 Includes technicians, police, firefighters, IT technicians, youth workers, legal and finance workers and housing officers.
2 Personal service occupations such as care workers, travel assistants, hairdressers and caretakers.
3 "Elementary" occupations including farm workers, labourers, dockers, postal workers, porters, waiters and cleaners.
Figures re-based to: Annual Survey of Hours and Earnings 2024 full-time median gross weekly earnings uprated by the increase in Average Weekly Earnings (total pay).