Advertisement

Wage growth fails to overtake inflation again

From BBC - April 17, 2018

Wages in the three months to February were unchanged from the three months to January, official figures show.

Average earnings increased by 2.8%, which was weaker than forecast but still the highest since September 2015.

The ONS said when wages are compared with their new measure of inflation which includes housing costs (CPIH), average weekly earnings increased by 0.2% compared with a year earlier.

Inflation, as measured by the consumer price index, was around 2.9%.

Advertisement

Continue reading at BBC »