All posts by Louisa Withers

Assumptions revised about the likely path of inflation

Inflation forecast to rise to 4% by late summer

After the sharp rise in RPI inflation in the year to February, economic forecasters have had to revise their assumptions about the likely path of inflation. Inflation rose to 3.2% in the year to February, up from 2.6% in the year to January. The increases were higher than predicted, and were due to increases in prices for oil and petrol on the one hand, and food on the other. In the case of food prices, increases are mainly caused by the impact of sterling’s depreciation.

Continue reading Assumptions revised about the likely path of inflation

Settlements in brief: median held steady at 2% for duration of 2016

Our latest analysis of pay settlements shows that the median has remained steady for 12 consecutive months at 2% in the three months to December 2016. The private services median remains at 2% for the second consecutive month, having fallen from 2.6% in the three months to October. Continue reading Settlements in brief: median held steady at 2% for duration of 2016

Settlements in brief: median remains at 2% as we head into 2017

Our latest analysis of pay settlements shows that the median has remained steady for 11 consecutive months at 2% in the three months to November 2016. The private services median has fallen back to 2% in our latest analysis, down from 2.6% in the three months to October.  Continue reading Settlements in brief: median remains at 2% as we head into 2017

Settlements in brief: private sector median at 2.6%

Our latest analysis of pay settlements shows that the median held steady at 2% in the three months to October 2016. The median has remained constant at 2% for 10 consecutive rolling periods, since the three months to January 2016. However, this figure is not necessarily representative of awards across all the different sectors of the economy. Continue reading Settlements in brief: private sector median at 2.6%