UK Avg Wk Earnings 3M YY* (Dec) 5.8% vs. Exp. 5.6% (Prev. 6.5%, Rev. 6.7%)
Important
SourceNewsquawk
SectionUK Data
ONS:
- "Nominal earnings growth remains strong, although it has eased a little in recent periods."
- "Real pay growth continues as inflation continues to fall. Annual growth in real terms (adjusted for inflation using the Consumer Prices Index including owner occupiers' housing costs (CPIH)) for total pay rose on the year by 1.4% in October to December 2023, and for regular pay rose on the year by 1.8%."
- ONS' McKeown "in cash terms earnings are growing more slowly than in recent months, but in real terms remain positive thanks to falling inflation"