Annual review of pay trends 2008: Pay awards lag behind inflation
Our review of whole-economy pay trends between 2006 and 2008 finds that pay awards have not strayed far from the 3.5% benchmark level, but remain consistently below inflation.
On this page:
The new 3.5% benchmark
Our research
Pay awards and inflation
Chart 1: The link between pay and inflation, September 2006 to September 2008
Focus on pay and consumer prices index inflation
Pay patterns
Chart 2: IRS settlement analysis, September 2006 to September 2008
Sectoral trends
Higher pay deals in 2008
Chart 3: The 2006/07 and 2007/08 bargaining rounds compared
The IRS pay databank: key findings
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Table 1: Whole-economy pay awards, September 2006 to August 2007
Table 2: Whole-economy pay awards, September 2007 to September 2008
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