UK wage rises failed to keep pace with inflation
for a fifth straight year, according to data issued on Thursday but the gap is
The Office for National Statistics said that In
the year to April 2013 the annual increase in median full-time gross weekly
earnings, at 2.2%, was slightly lower than the growth in the Consumer Prices
Index (CPI), which was 2.4%. This was the fifth consecutive year that the CPI
had increased above the growth rate in median weekly earnings after 11
consecutive years in which it was lower. However the gap has narrowed compared
with that seen in April 2012.
For the tax year ending 5 April 2013 median gross
annual earnings for full-time employees on adult rates who had been in the same
job for at least 12 months (including those whose pay was affected by absence)
were £27,000. This was an increase of 2.1% compared with £26,500 in the year
ending 5 April 2012.
The ONS says that median gross annual earnings
for men were £29,300, up 1.9% from 2012, and for women were £23,600, up 2.2%.
The median is the value below which 50% of
employees fall. It is ONS's preferred measure of average earnings as it is less
affected by a relatively small number of very high earners and the skewed
distribution of earnings. It therefore gives a better indication of typical pay
than the mean.
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