This indicator measures the change in the money businesses pay for labor, excluding bonus payments, in the United Kingdom over a three-month period compared to the previous year. It is a primary driver of consumer price inflation, as businesses often pass on higher labor costs to consumers. Central banks monitor this closely to gauge the risk of wage-price spirals.
Calculated as a three-month moving average of the percentage change in regular pay (excluding bonuses) compared to the same period a year earlier, based on the Monthly Wages and Salaries Survey.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 18, 2026 | 3.50 | 3.40 | +0.10 |
| Jul 21, 2026 | 3.40 | 3.40 | 0.00 |
| Jul 21, 2026 | 3.40 | 3.40 | 0.00 |
| Jun 18, 2026 | 3.40 | 3.20 | +0.20 |
| Jun 18, 2026 | 3.40 | 3.20 | +0.20 |
| May 19, 2026 | 3.40 | 3.40 | 0.00 |
| May 19, 2026 | 3.40 | 3.40 | 0.00 |
| Apr 21, 2026 | 3.60 | 3.50 | +0.10 |
| Apr 21, 2026 | 3.60 | 3.50 | +0.10 |
| Mar 19, 2026 | 3.80 | 4.00 | -0.20 |
| Mar 19, 2026 | 3.80 | 4.00 | -0.20 |
| Feb 17, 2026 | 4.20 | 4.20 | 0.00 |
| Feb 17, 2026 | 4.20 | 4.20 | 0.00 |
| Jan 20, 2026 | 4.50 | 4.50 | 0.00 |
| Jan 20, 2026 | 4.50 | 4.50 | 0.00 |
| Dec 16, 2025 | 4.60 | 4.50 | +0.10 |
| Dec 16, 2025 | 4.60 | 4.50 | +0.10 |
| Nov 11, 2025 | 4.60 | 4.60 | 0.00 |
| Nov 11, 2025 | 4.60 | 4.60 | 0.00 |
| Oct 14, 2025 | 4.70 | 4.70 | 0.00 |
| Oct 14, 2025 | 4.70 | 4.70 | 0.00 |
| Sep 16, 2025 | 4.80 | 4.80 | 0.00 |
| Sep 16, 2025 | 4.80 | 4.80 | 0.00 |
| Aug 12, 2025 | 5.00 | 5.00 | 0.00 |
| Aug 12, 2025 | 5.00 | 5.00 | 0.00 |
| Jul 17, 2025 | 5.00 | 4.90 | +0.10 |
| Jul 17, 2025 | 5.00 | 4.90 | +0.10 |
| Jun 10, 2025 | 5.20 | 5.40 | -0.20 |
| Jun 10, 2025 | 5.20 | 5.40 | -0.20 |
| May 13, 2025 | 5.60 | 5.70 | -0.10 |
| May 13, 2025 | 5.60 | 5.70 | -0.10 |
| Apr 15, 2025 | 5.90 | 6.00 | -0.10 |
| Apr 15, 2025 | 5.90 | 6.00 | -0.10 |
| Mar 20, 2025 | 5.90 | 5.90 | 0.00 |
| Mar 20, 2025 | 5.90 | 5.90 | 0.00 |
| Feb 18, 2025 | 5.90 | 5.90 | 0.00 |
| Feb 18, 2025 | 5.90 | 5.90 | 0.00 |
| Jan 21, 2025 | 5.60 | 5.50 | +0.10 |
| Jan 21, 2025 | 5.60 | 5.50 | +0.10 |
| Dec 17, 2024 | 5.20 | 5.00 | +0.20 |
| Nov 12, 2024 | 4.80 | 4.70 | +0.10 |
| Nov 12, 2024 | 4.80 | 4.70 | +0.10 |
| Oct 15, 2024 | 4.90 | 4.90 | 0.00 |
| Sep 10, 2024 | 5.10 | 5.10 | 0.00 |
| Sep 10, 2024 | 5.10 | 5.10 | 0.00 |
| Aug 13, 2024 | 5.40 | 4.60 | +0.80 |
| Jul 18, 2024 | 5.70 | 5.70 | 0.00 |
| Jul 18, 2024 | 5.70 | 5.70 | 0.00 |
| Jun 11, 2024 | 6.00 | 6.00 | 0.00 |
| May 14, 2024 | 6.00 | 5.90 | +0.10 |
