Economic Buzz: UK's employees earnings edge higher by 3.40%

Annual growth in UK employees' average earnings was 3.4% for regular earnings (excluding bonuses) and 4.3% for total earnings (including bonuses) for the period from March to May 2026. Annual growth in real terms, adjusted for inflation using the Consumer Prices Index including owner occupiers' housing costs (CPIH), was 0.3% for regular pay and 1.1% for total pay. Using the Consumer Prices Index excluding owner occupiers' housing costs (CPI) to adjust for inflation, annual growth in real terms was 0.4% for regular pay and 1.3% for total pay. Annual average regular earnings growth was 5.5% for the public sector and 2.9% for the private sector; public sector annual pay growth continues to be affected by variations in the timing of pay awards this year.

Powered by Commodity Insights