Wage Price Index

  • Q2 2022

    August 17, 2022

    The wage price index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.7% in Q2 2022, lower than market expectations for a 0.8% rise and at the same pace as in the previous two quarters.

    The Q2 increase took the annual growth rate to 2.6%, which is the fastest since Q3 2014.

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  • Q1 2022

    May 18, 2022

    The wage price index increased a seasonally adjusted 0.7% in Q1 2022, in line with the market expectations and at the same pace as the previous quarter.

    The Q1 increase took the annual growth rate to 2.4%, against 2.3% in the previous quarter.

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  • Q4 2021

    February 23, 2020

    The Wage Price Index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.7% in Q4 2021, as expected. This was the fastest quarterly growth since March 2014. Annual wage growth accelerated to 2.3%, the most since June 2019.

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  • Q3 2021

    November 17, 2021

    The Wage Price Index, measuring total hourly rates of pay excluding bonuses, increased a seasonally adjusted 0.6% in Q3 2021, as expected. This was faster than the 0.4% recorded in Q2 and saw annual wage inflation pick up to 2.2% from 1.7%.

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  • Q2 2021

    August 18, 2021

    The Wage Price Index increased a seasonally adjusted 0.4% in Q2 2021.

    This was slower than the 0.6% recorded in the previous quarter and came against the market expectations that growth would again be 0.6%.

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  • Q1 2021

    May 19, 2021

    The Wage Price Index increased a seasonally adjusted 0.6% in Q1 2021, slightly more the 0.5% envisaged by the market consensus.

    Annual wage growth picked up to 1.5% from 1.4% in the previous quarter.

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