Wednesday, March 14, 2007
Muted mage growth
Recent increases in average earnings have remained relatively subdued, easing fears of inflationary pay rises that could act as a further trigger for interest rate increases. According to official figures published on Wednesday, average earnings excluding bonuses rose at an annual rate of 3.6 per cent during the three months to the end of January. This was 0.1 percentage point lower than during the previous three monthly period to the end of December. Ironic considering jellycaster's post. Are these the same official figures?