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Economists say that according to government data, the wage growth was accelerated late last year, and the bank of England will slowly strengthen the procedure to cut interest rates.
The average weekly earnings within three months excluded the bonus were 5.5 percent higher than one year ago and within three months was more than 3..6 percent, till November, Office Said on Tuesday.
This figure was in line with the expectations of economists surveyed by Reuters.
The acceleration of wage growth in the private sector was stronger, the main system of the BOE, where the average earnings excluded the bonus increased by 6.2 percent. The wages of the public sector in the period increased by 5.7 percent.
The Bo The forecast for the private sector wage growth during the three -month period.
Ashley Web, an economist at Capital Economics, says the data does not provide little evidence that the data will be deviated from its current method to reduce interest rates “.
Separate statistics have shown that wages have shown that salary -based employment has decreased by 14,000 from November to December and 3,000 less than three months to December compared to the previous quarter, the onS said the HM quotes of revenue and duty information.
Initial estimates of January showed that the number of salaries -based employees increased from December to 21,000.
Job statistics are closely monitored to determine the budget impact on October in the labor market. Chancellor has increased the national insurance contribution to employers and raised minimum wages.
February February reduced interest rates at the third reduction after the summer of 2021 and said it would accept “caution” to cut the future rate.
The latest snapshot of the labor market arrives before the January inflation information on Wednesday. Economists are hoping that statistics will show annual prices in January to 2.5 percent, which has increased from 2.5 percent in December.
