News
Pay Bargaining Stats – February 2011
Inflation
Headline inflation
Retail prices index (RPI): 4.8% (December 2010)
Next release date: 15 February 2011.
Underlying inflation
Retail prices index excluding mortgage interest payments (RPIX): 4.7% (December 2010)
Next release date: 15 February 2011.
Consumer prices
Consumer prices index (CPI): 3.7% (December 2010)
Next release date: 15 February 2011.
Inflation forecasts
Q4 2010: average 4.4%; Q1 2011: average 3.8%
Next release date: 18 February 2011.
Pay Settlements
Xpert HR headline pay measure
The XpertHR measure of pay awards - the midpoint in the range of basic pay deals - stands at 2% in the three months to 31December 2010 unchanged on figure for the previous rolling quarter. The inter quartile range stands between 1.8% and 2.2%
Next release date: 18 February 2011.
Engineering and manufacturing (EEF)
Average settlements for three months ending 31 December 2010 2.2%
Next release date: 18 February 2011.
Manufacturing and services (LRD)
Median settlement levels for three months ending 31 December 2010 2.5% (manufacturing); 3.3% (services)
Next release date: 18 February 2011.
