Pay and prices
Labour Research Department three monthly pay figures, BR July 00
LRD Bargaining Report Pay and prices July 2000 0007
Percentage increases on lowest basic rates (by agreements covered)
For the three months up to and including: this payround
AUG 99-JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUN 00
All agreements
3.0 3.0 3.0 3.0 3.0 3.0 2.5 2.5 2.7 3.0 3.0 3.0 3.0Private sector
2.9 3.0 2.8 3.0 3.0 3.0 2.5 2.5 2.6 3.0 3.0 3.0 2.8Public sector
3.5 3.2 3.0 3.0 3.2 3.1 3.0 3.5 3.0 3.0 3.0 3.0 3.0Manual
2.9 3.0 3.0 3.0 3.0 3.0 2.5 2.5 2.6 3.0 3.0 3.0 3.0Non-manual
3.0 3.0 3.0 3.0 3.0 2.5 3.0 3.0 3.0 3.0 2.8 2.8 3.0All industries
2.6 2.8 2.8 3.0 2.8 3.0 2.5 2.5 2.5 2.8 2.8 2.8 2.7All services
3.3 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.3 3.0For the 12 months up to and including:
JUL AUG SEP OCT NOV DEC JAN FEB MAR APR MAY JUN
by agreements
3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0by workers covered
3.5 3.5 3.5 3.5 3.5 3.5 3.6 3.6 3.6 3.3 3.3 3.0Note to table: The figures show median (midpoint) pay settlements among all the agreements monitored through the LRD pay and conditions database. Separate figures showing the weighted median, (by number of workers covered) appear in the 12-monthly table.
Prices 1999-2000
retail % in- price index crease Jan 87=100 on year ago 1999June 165.6 1.3
July 165.1 1.3
August 165.5 1.1
September 166.2 1.1
October 166.5 1.2
November 166.7 1.4
December 169.3 1.8
2000January 166.6 2.0
February 167.5 2.3
March 168.4 2.6
April 170.1 3.0
May 170.7 3.1
June 171.1 3.3
Earnings 1999-2000
average % increase earnings on index year ago 1995=100 1999May 117.8 4.1
June 119.0 5.2
July 118.9 4.4
August 119.6 4.9
September 119.8 4.6
October 120.7 5.1
November 121.1 5.1
December 122.6 6.2
2000January 123.8 6.5
February 123.7 5.5
March 123.9 5.2
April 122.7 4.6
May 122.6 4.0
Other pay analysts
Confederation of British Industry (manufacturing) 2.6%
Industrial Relations Services (whole economy) 3.0%
Incomes Data Services (most settlements) 2.0%-3.9%
Average earnings increases by sector
% change on year to MayProduction 4.6% Manufacturing 5.0% Services 3.6%
Latest figures for full-time weekly earnings £ per week
all workers 420.30 all female 349.70
all male 461.80 all manual 326.20
all non-manual 466.30 female manual 238.30
female non-manual 370.10 male manual 344.60
male non-manual 549.90
Source: New Earnings Survey 1999 projected to January 2000; Labour Market Trends, June 2000 Based on unpublished series for average earnings index which excludes arrears of pay.
Prices - underlying increase and forecasts
underlying rate for June 2.2%
Forecasts 4th quarter 2000 4th quarter 2001
RPI/underlying rate RPI/underlying rateAverage 3.1 2.0 2.4 2.4
Oxford Economic Forecasting 3.3 2.0 2.6 2.2
NIESR 3.4 1.8 2.7 2.2