Pay and prices
Labour Research Department three monthly pay figures
Percentage increases on lowest basic rates (by agreements covered)
For the three months up to and including:
thispayround
AUG 99JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC DEC 99
All agreements
3.3 3.3 3.3 3.0 3.0 3.0 3.0 3.0 3.0 3.1 3.0 3.0 3.0Private sector
3.3 3.3 3.3 3.0 3.0 3.0 2.9 3.0 2.8 3.0 3.0 3.0 3.0Public sector
3.8 3.8 3.0 3.0 3.0 3.3 3.5 3.5 3.5 3.5 3.4 3.1 3.5Manual
3.3 3.2 3.2 3.0 3.0 3.0 3.0 3.0 3.0 3.1 3.0 3.1 3.0Non-manual
3.7 3.5 3.3 3.0 3.0 3.0 3.0 3.0 3.0 3.0 3.0 2.5 3.0All industries
3.3 3.2 3.2 3.0 3.0 3.0 2.7 2.8 2.8 3.0 3.0 3.0 3.0All services
3.8 3.8 3.4 3.0 3.0 3.3 3.3 3.4 3.0 3.5 3.4 3.7 3.5For the 12 months up to and including:
JAN FEB MAR APR MAY JUN JUL AUG SEP OCT NOV DEC
by agreements
3.5 3.4 3.4 3.2 3.1 3.0 3.0 3.0 3.0 3.0 3.0 3.0by workers covered
3.9 3.7 3.7 3.3 3.3 3.6 3.5 3.5 3.5 3.5 3.5 3.5Note 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 1998-99
retail % in- price index crease Jan 87=100 on year ago 1998November 164.4 3.0
December 164.4 2.8
1999January 163.4 2.4
February 163.7 2.1
March 164.1 2.1
April 165.2 1.6
May 165.6 1.3
June 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
Earnings 1998-99
average % increase earnings on index year ago 1995=100 1998November 115.2 4.6
December 115.6 4.2
1999January 116.4 4.6
February 117.2 5.0
March 117.8 4.9
April 117.2 4.0
May 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 120.9 5.0
Other pay analysts
Confederation of British Industry (manufacturing) 2.7%
Industrial Relations Services 3.0%
Incomes Data Services (most settlements) 2.0%-3.9%
Average earnings increases by sector
Production 4.3% Manufacturing 4.6% Services 5.2%
Latest figures for full-time weekly earnings
all workers £405.30 all female £332.50
all male £447.40 all manual £317.90
all non-manual £449.30 female manual £226.10
female non-manual £352.90 male manual £339.50
male non-manual £531.80
Source: New Earnings Survey 1999 projected to July 1999; Labour Market
Trends, December 1999
Prices - underlying increase and forecasts
underlying rate for November 2.2%
Forecasts 4th quarter 2000
RPI/underlying rateAverage 2.9 2.3
Oxford Economic Forecasting 3.7 2.3
NIESR 4.2 2.3