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Wages fall as inflation rises

This article is over 12 years, 1 months old
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.
Issue 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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