Real pay growth is at the highest level in two years as inflation starts to ease
Total pay (adjusted for CPI inflation), three-month average, % change year on year
10%
5
September
2023
1.1%
0
-5
-10
2005
2010
2015
2020
10%
5
September
2023
1.1%
0
-5
-10
2005
2010
2015
2020