UK Wage Growth (Regular Pay)

## What this measures

Growth in average weekly earnings excluding bonuses, latest three months compared with a year earlier.

## Why it matters

Regular pay is the wage measure the Bank of England watches most closely because bonuses are erratic.

## How to read it

Pay growth around 3% is roughly consistent with 2% inflation given UK productivity; well above that keeps rates higher.

## What it does not say

It covers employees only; job-mix shifts move it.

## Source

Office for National Statistics, series KAI9 (dataset LMS), "Whole Economy: Average Weekly Earnings: Regular pay: % 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.