Upturn in settlements to 2.6% in May

Collectively agreed pay settlement rises outpaced the rise in the cost of living in May and showed a small rise on the previous month’s figure, the latest data show.

May's 2.6% three-month median derived from the Labour Research Department’s Payline database of collective agreements was 0.2 percentage points higher than the 2.4% rise in inflation as measured by the Retail Prices Index.

Payline’s three-monthly rise for the whole economy had been constant at 2.5% since the start of the year until May’s small upturn.

For the private sector, the median rise edged up to 2.7% in May from 2.6% in April. In the public sector, the rise was steady at 1.0%. Manufacturing’s median was up to 2.7% from 2.6%, while the services sector rise was unchanged at 2.5%.

All members and officials of the following seven unions have access to LRD's Payline database: Community; GMB; PCS; RMT; TSSA; UCU; and Unite. If you do not know your password, phone 020 7902 9811 or email [email protected] — please tell us your union in the email.

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