HELL TO PAY

Daily Mirror - - CITYDESK -

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.”

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