HELL TO PAY
Inflation is set to outstrip the average workers’ pay rise later this year, experts say.
The typical rise was 2% last month, according to industry analysts XpertHR. That’s still well above the Government measure of inflation – the consumer prices index – which rose by 0.6% in July.
But the alternative retail prices index, which includes housing costs, jumped by a far higher 1.9%.
XpertHR said: “While RPI is predicted to rise above 2% in the final quarter of the year, pay awards are likely to remain steadfast.”