This indicator measures the short-term change in the level of wages and bonuses paid to employees in the United Kingdom. It is a critical gauge of inflationary pressure coming from the labor market, as rising wages often lead to higher consumer prices. Including bonuses provides a comprehensive view of total worker compensation, though it can be volatile due to seasonal or performance-related payouts. The Bank of England monitors this closely to assess whether wage growth is consistent with its inflation targets.
Derived from the Monthly Wages and Salaries Survey conducted by the ONS. It calculates the average weekly earnings including bonuses and compares them to the same period in the previous year.
| Date | Actual | Forecast | Surprise |
|---|---|---|---|
| Aug 18, 2026 | 4.10 | 4.10 | 0.00 |
| Jul 21, 2026 | 4.30 | 4.50 | -0.20 |
| Jun 18, 2026 | 4.40 | 4.00 | +0.40 |
| May 19, 2026 | 4.40 | 3.80 | +0.60 |
| Apr 21, 2026 | 3.90 | 3.60 | +0.30 |
| Mar 19, 2026 | 3.90 | 3.90 | 0.00 |
| Feb 17, 2026 | 4.20 | 4.60 | -0.40 |
| Jan 20, 2026 | 4.70 | 4.60 | +0.10 |
| Dec 16, 2025 | 4.70 | 4.40 | +0.30 |
| Nov 11, 2025 | 4.80 | 4.90 | -0.10 |
| Oct 14, 2025 | 5.00 | 4.70 | +0.30 |
| Sep 16, 2025 | 4.70 | 4.70 | 0.00 |
| Aug 12, 2025 | 4.60 | 4.70 | -0.10 |
| Jul 17, 2025 | 5.00 | 5.00 | 0.00 |
| Jun 10, 2025 | 5.30 | 5.50 | -0.20 |
| May 13, 2025 | 5.50 | 5.20 | +0.30 |
| Apr 15, 2025 | 5.60 | 5.70 | -0.10 |
| Mar 20, 2025 | 5.80 | 5.90 | -0.10 |
| Feb 18, 2025 | 6.00 | 5.90 | +0.10 |
| Jan 21, 2025 | 5.60 | 5.60 | 0.00 |
| Dec 17, 2024 | 5.20 | 4.60 | +0.60 |
| Nov 12, 2024 | 4.30 | 3.90 | +0.40 |
| Oct 15, 2024 | 3.80 | 3.80 | 0.00 |
| Sep 10, 2024 | 4.00 | 4.10 | -0.10 |
| Aug 13, 2024 | 4.50 | 4.50 | 0.00 |
| Jul 18, 2024 | 5.70 | 5.70 | 0.00 |
| Jun 11, 2024 | 5.90 | 5.70 | +0.20 |
| May 14, 2024 | 5.70 | 5.30 | +0.40 |
| Apr 16, 2024 | 5.60 | 5.50 | +0.10 |
| Mar 12, 2024 | 5.60 | 5.70 | -0.10 |
| Feb 13, 2024 | 5.80 | 5.60 | +0.20 |
| Jan 16, 2024 | 6.50 | 6.80 | -0.30 |
| Dec 12, 2023 | 7.20 | 7.70 | -0.50 |
| Nov 14, 2023 | 7.90 | 7.40 | +0.50 |
| Oct 17, 2023 | 8.10 | 8.30 | -0.20 |
| Sep 12, 2023 | 8.50 | 8.20 | +0.30 |
| Aug 15, 2023 | 8.20 | 7.30 | +0.90 |
| Jul 11, 2023 | 6.90 | 6.80 | +0.10 |
| Jun 13, 2023 | 6.50 | 6.10 | +0.40 |
| May 16, 2023 | 5.80 | 5.80 | 0.00 |
| Apr 18, 2023 | 5.90 | 5.10 | +0.80 |
| Mar 14, 2023 | 5.70 | 5.70 | 0.00 |
| Feb 14, 2023 | 5.90 | 6.20 | -0.30 |
| Jan 17, 2023 | 6.40 | 6.20 | +0.20 |
| Dec 13, 2022 | 6.10 | 6.20 | -0.10 |
| Nov 15, 2022 | 6.00 | 5.90 | +0.10 |
| Oct 11, 2022 | 6.00 | 5.90 | +0.10 |
| Sep 13, 2022 | 5.50 | 5.40 | +0.10 |
| Aug 16, 2022 | 5.10 | 4.50 | +0.60 |
| Jul 19, 2022 | 6.20 | 6.70 | -0.50 |
| Date | First print | Current | Revision |
|---|---|---|---|
| Jul 21, 2026 | 4.30 | 4.30 | 0 ↓ |
| May 19, 2026 | 4.10 | 4.40 | +0.30 ↑ |
| Apr 21, 2026 | 3.80 | 3.90 | +0.10 ↑ |
