Wednesday, Feb 14, 2007
Pay data eases inflation fears
Guardian: Pay data eases inflation fears
Muted average earnings growth in the three months to December brought some reassurance to policymakers this morning, after fears of inflationary risks from higher wages.
Posted by david20040_0 @ 10:59 AM (145 views) Add Comment
1 Comment
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1. paul said...
December's not the important month for pay settlements - its January.
"The Bank is far more concerned with what happens to pay early in 2007, given the clear risk that wage settlements could move significantly higher in reaction to RPI inflation rising to a 15-year high of 4.4% in December and still being as high as 4.2% in January."