Pay growth fails to keep pace with cost of livingon April 12, 2022 at 6:38 am

- Advertisement -
- Advertisement -
- Advertisement -
- Advertisement -

Basic pay is “falling noticeably” when accounting for price rises, the Office for National Statistics says.

Woman making coffee

Image source, Getty Images

UK wage growth failed to keep up with the rising cost of living between December and February, according to new data.

Wages rose, but when taking rising prices into account, regular pay showed a 1% fall from a year earlier.

“Basic pay is now falling noticeably in real terms,” said Darren Morgan from the Office for National Statistics.

Latest inflation figures show the cost of living is rising at its fastest pace for 30 years.

Recent figures showed inflation reached 6.2% in February and new data, due out on Wednesday, is forecast to show a further rise in March.

The Office for National Statistics (ONS) said that the average wage, excluding bonuses, rose by 4% in the three months to February compared with a year earlier.

The data revealed a sharp contrast in pay growth between the public and private sectors. Average total pay growth for the private sector was 6.2% but just 1.9% for those in the public sector.

- Advertisement -

Discover

Sponsor

Latest

Climate change threatening buried UK treasureson January 25, 2022 at 12:08 am

Our ability to understand of Britain's history is at risk, warn archaeologists.Image source, VindolandaClimate change is threatening to destroy treasures buried in the UK...

Rising fuel costs drive UK inflation to 0.7 in Marchon April 21, 2021 at 6:48 am

The cost of living rose to 0.7% in March, from 0.4% in February, as fuel, transport and clothes prices increased.image copyrightGetty ImagesThe UK inflation...

Where better connectivity could be ‘life-changing’on November 27, 2021 at 7:12 am

How transport issues affect the lives of people across many parts of southern Scotland.

England v India: Harmanpreet Kaur’s ‘sensational’ 143 not out – best shotson September 21, 2022 at 4:21 pm

Watch the best shots from Harmanpreet Kaur's "sensational" century as she closes the innings on 143 not out for India in their second ODI...

Ambulance calls for most serious conditions hit recordon August 11, 2022 at 10:10 am

Official figures from NHS England suggest high demand for emergency services and hospitals.Image source, Getty ImagesLast month saw the highest number of ambulance callouts...