labor
UK Real Wage Growth
Latest
0.7% y/y (3-month average)
Methodology
## What this measures
Growth in average weekly earnings after adjusting for CPI inflation.
## Why it matters
It shows whether UK workers are gaining or losing purchasing power.
## How to read it
Positive means pay is outpacing prices. Real pay fell through 2022–23 and recovered from mid-2023.
## What it does not say
It is an average for employees, before tax.
## Source
Office for National Statistics, series A3WW (dataset LMS), "Average Weekly Earnings, total pay, real terms: % change, 3 month average on same period a year earlier". Palanor reads it from the ONS website's time-series data every day.
Source: Office for National Statistics licensed under the Open Government Licence v.3.0.
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