Human resources data company XpertHR said the median basic pay settlement in the three months to end of January jumped to 6% from 5% in the final quarter of 2022, their highest since September 1991.
These survey results were in line with provisional data for the period which XpertHR published on Feb. 3.
British consumer price inflation hit 10.1% in January, cooling slightly from a 41-year high of 11.1% in October. Economists polled by Reuters this month expect inflation to average 7.0% this year, and 2.6% in 2024.
Sheila Attwood, senior content manager at XpertHR, said the January data was significant as it gave employers an indication of where wage deals are heading.
Read more at Reuters
