Recent increases in inflation have caused real pay growth rates to fall

10%

9.3%

Nov 2022

8

CPIH* measure

of inflation

Real regular

pay growth

6

4

2

0

-2

-2.4%

Nov 2022

-4

2001

2004

2007

2010

2013

2016

2019

2022

10%

8

9.3%

Nov 2022

CPIH* measure

of inflation

Real regular

pay growth

6

4

2

0

-2.4%

Nov 2022

-2

-4

2001

2004

2007

2010

2013

2016

2019

2022

Guardian graphic. Source: ONS. *CPI inc owner occupiers’ housing costs and real average weekly earnings single-month annual growth rates in Great Britain, seasonally adjusted