World Economy

Pay Growth Beats Inflation

Pay Growth Beats InflationPay Growth Beats Inflation

Growth in average pay for UK workers overtook inflation for the first time in five years, according to data from the Office for National Statistics, BBC reported. Wages excluding bonuses rose by 1.3% in the year to September, beating the 1.2% Consumer Prices Index inflation rate. Including bonuses, earnings rose by 1%, the ONS said.