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Pay Bargaining Stats - December 2009
Key stats for December 2009
Category: General
Posted by: admin
Inflation
Headline inflation
- Retail prices index (RPI): 0.3% (November 2009)
- Next release date: 19 January 2010.
Underlying inflation
- Retail prices index excluding mortgage interest payments (RPIX): 2.7% (November 2009)
- Next release date: 19 January 2010
Consumer prices
- Consumer prices index (CPI): 1.9% (November 2009)
- Next release date: 19 January 2010
Inflation forecasts
- Q1 2010: average 2.4%; Q2 2010: average 2.7%
- Next release date: 22 January 2010
Pay Settlements
IRS headline pay measure
- The IRS measure of pay awards - the midpoint in the range of basic pay deals - stands at 1.2% in the three months to 30 November 2009, according to the latest analysis
- The interquartile range stands between nil and 2%.
A table of other pay settlements reported in the 3 months to the end of November 2009 is provided below:
| Organisation | Descriptor | Current % | 1 Year Ago % |
| EEF engineering | Average settlement over three months | 0.3% | 2.9% |
| IRS whole economy | Median award over three months | 1.2% | 3.8% |
| IRS private sector | Median award over three months | 1.0% | 3.8% |
| IRS manufacturing | Median award over three months | 0.0% | 3.8% |
| IRS services | Median award over three months | 2.0% | 3.6% |
| LRD whole economy | Median settlement over three months | 2.0% | 3.6% |
| LRD private sector | Median settlement over three months | 1.5% | 3.9 |
Organisation Key
EEF – Engineering Employers Federation
IRS – Industrial Relations Service
LRD – Labour Research Department
