Socialist Worker

Wages fall as inflation rises

Issue No. 2202

Price rises are running at over 5 percent a year, according to new figures released on Tuesday. This means workers living standards are already slipping. At the same time as inflation continues to rise, Income Data Services (IDS) reports that the average wage rise is just 1.9 percent.

The IDS report also showed that 21 percent of pay settlements involve a pay freeze.


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News
Tue 18 May 2010, 17:44 BST
Issue No. 2202
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