About Inflation
In economics, inflation is a sustained increase in the general price level of goods and services in an economy over a period of time.
No interest rate cuts for foreseeable future, says Bank of England
... Andrew Bailey said getting Inflation, which is the rate consumer prices rise at, down to the Bank s 2% target would be " hard work"...
Autumn Statement: Jeremy Hunt cuts National Insurance but tax burden still rises
... Mr Hunt used his hour-long Commons speech to claim the government had put the economy " back on track" by halving Inflation - the rate at which prices go up - and reducing borrowing...
'We've halved inflation' and other claims by the PM checked
... I promised you we would halve Inflation - we took the difficult decisions and we have delivered on that promise Rishi Sunak, from its level of 10...
Rishi Sunak: The time has come to cut tax
... Mr Sunak said his target of halving Inflation had been met so taxes would be reduced in " a responsible way"...
Is Rishi Sunak's approach convincing or confusing voters?
... Cutting NHS waiting lists is one of Rishi Sunak s along with halving Inflation - a target met this week - growing the economy, reducing debt and stopping the boats...
Can government claim credit for fall in inflation?
...By Andy VerityBBC economics correspondentThis morning the prime minister tweeted: " In January we said we d halve Inflation...
Autumn Statement 2023: When is it and how will it affect me?
... What are the key challenges facing the UK economy? Inflation is still too highInflation - the rate at which prices rise - has fallen sharply since the high of 11...
How does your pay compare with other jobs?
... Despite the increases in pay, most workers wages rose by less than Inflation, the rate at which the cost of goods and services rise...
How does your pay compare with other jobs?
By Nicu CalceaBusiness reporter, BBC News
The average full-time worker in the UK was earning nearly £35,000 a year in April, official data shows, a rise of 5. 8% on the previous year.
The size of that rise varies from job to job, with travel agents getting a pay bump of 21%, while sport coaches saw their earnings fall The Most .
Despite the increases in pay, most Workers ' wages rose by less than Inflation , the rate at which the cost of goods and services rise.
This means that in real terms, wages fell by 1. 9% for full-time Workers - A Sign of the continued cost of living squeeze.
Use the lookup table below to see what the average pay is in your job group, how that has changed from the previous year, and whether a pay rise has topped Inflation .
Your device may not support this lookup table
About the dataThe salary data in The Table above comes from the latest release from The Office for National Statistics (ONS), which covers the year to April 2023.
These are not The Most up-to-date figures on The Job market, but they provide a more granular view than the monthly labour statistics published by the ONS.
In this analysis, we used the gross annual pay for full-time Workers for each occupation group. We're showing you the median wages, which is how much the middle-ranking employee earns.
To calculate the annual change in real terms, we adjusted April 2022 earnings to what they would have been in April 2023 if Workers received pay rises In Line with Inflation , or more precisely, the Consumer Prices Index including owner occupiers' housing costs (CPIH). The difference between the recorded April 2023 wages and the Inflation -adjusted estimates is the annual change in real terms.
For The Job group titles, we used the latest ONS classification of occupations, which groups related jobs together. You can search for The Group that fits your job best with.
Related TopicsSource of news: bbc.com
Inflation Photos
