News
Pay Bargaining Stats – January 2011
Inflation
Headline inflation
Retail prices index (RPI): 4.7% (November 2010)
Next release date: 18 January 2011.
Underlying inflation
Retail prices index excluding mortgage interest payments (RPIX): 4.7% (November 2010)
Next release date: 18 January 2011.
Consumer prices
Consumer prices index (CPI): 3.3% (November 2010)
Next release date: 18 January 2011.
Inflation forecasts
Q4 2010: average 4.3%; Q1 2011: average 4.1%
Next release date: 21 January 2011.
Pay Settlements
The XpertHR measure of pay awards - the midpoint in the range of basic pay deals - stands at 2% in the three months to 30 November 2010 unchanged on the revised figure for the previous rolling quarter, according to the latest provisional analysis. The inter quartile range stands between 1.5% and 2.3%
Next release date: 18 January 2011.
Engineering and manufacturing (EEF)
Average settlements for three months ending 30 November 2010: 2.0%
Next release date: 18 January 2011.
Manufacturing and services (LRD)
Median settlement levels for three months ending 30 November 2010: 2.0% (manufacturing); 2.0% (services)
Next release date: 18 January 2011.
