Tuesday, April 12, 2022

Prices and Pay

 Public sector pay for jobs such as NHS workers, teachers and civil servants fell further behind price rises in the three months to February, figures show.

While wages rose for public sector workers, price rises outpaced them meaning a 3% drop in spending power, the biggest fall in 20 years.

In contrast, an average private sector employee's wage bought 0.5% less.

The latest inflation figures show the cost of living is rising at its fastest pace for 30 years.

"Basic pay is now falling noticeably in real terms," said Darren Morgan from the Office for National Statistics describing the fall in spending power.

The most recent figures show that inflation reached 6.2% in February and new data, due out on Wednesday, is expected to show a further rise in March.


Biggest squeeze for public sector pay in 20 years - BBC News

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