Track the UK Average Earnings Index 3m/y to gauge potential inflation shifts as businesses adjust labor costs.
This is a key indicator of consumer inflation; when companies incur higher labor costs, these expenses are typically passed on to consumers. The data represents a 3-month moving average compared to the same time frame from the previous year. Although a metric excluding bonuses is also provided, it is not presented here due to its limited significance. Note that the series calculation formula was updated in January 2010.
What it Measures
This indicator reflects the change in labor costs incurred by businesses and the government, including bonuses.
Usual Effect
A reading that exceeds expectations is considered positive for the currency.
Source & Frequency
Office for National Statistics (latest release) - https://www.gov.uk/government/statistics • The data is released monthly, approximately 45 days following the end of the reporting month.
How Data is Derived
N/A
Also Known As
Average Earnings Including Bonuses
Acronym
N/A