Continued UK Wage Growth Outpaces Inflation

In the three months leading up to December, average regular earnings growth in the UK increased to 5.9 percent, as reported by the Office for National Statistics. Over the same period, total pay growth, including bonuses, reached six percent, up from 5.6 percent. Despite economists forecasting a decrease, the unemployment rate held steady at 4.4 percent, with a 107,000 increase in monthly payrolls. Consumer price inflation stands at 2.5 percent, with an anticipated rise to approximately 2.8 percent following the January data release.