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Inflation

Headline inflation

Retail prices index (RPI): 4.4% (March 2010)
Next release date: 18 May 2010

Underlying inflation

Retail prices index excluding mortgage interest payments (RPIX): 4.8% (March 2010)
Next release date: 18 May 2010

Consumer prices

Consumer prices index (CPI): 3.4% (March 2010)
Next release date: 18 May 2010

Inflation forecasts

Q2 2010: average 4.0%; Q3 2010: average 3.5%
Next release date: 28 May 2010

Pay Settlements

Summary

IRS headline pay measure

IRS headline measure of pay settlements for the three months ending 31 March 2010: 1%
Next release date: 28 May 2010

Engineering and manufacturing (EEF)

Average settlements for three months ending 31 March 2010:  1%
Next release date: 28 May 2010

Manufacturing and services (LRD)

Median settlement levels for three months ending 31 March 2010: 1.6% (manufacturing); 1.8% (services)
Next release date: 28 May 2010

More Detail

(IRS) Industrial Relations Service

The IRS measure of pay awards - the midpoint in the range of basic pay deals - stands at 1% in the three months to 31 March 2010 unchanged from the previous rolling quarter, according to the latest provisional analysis.

The inter quartile range stands between nil and 2%.

Engineering and manufacturing (EEF)

Pay awards in engineering and manufacturing companies averaged 1% for the three months to March 2010, according to EEF, the manufacturers' organisation. This was up on the figure for the previous rolling quarter.

Source: EEF (external website), the manufacturers' organisation, April 2010.

Manufacturing and services (LRD)

Latest figures from the Labour Research Department (LRD) reveal that the median pay settlement level recorded on the LRD PayLine database is 1.7% for the three months to March 2010. Broken down by industry sector, the median settlement level for the service sector is 1.8%, while the manufacturing median is 1.6%.

Source: LRD PayLine database (external website), April 2010