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Birmingham Post
Birmingham Post
Business
David Dubas-Fisher

Earnings are up across the East Midlands - but failing to keep up with the level of inflation

East Midlands Inflation TUC Frances OGrady

Earnings have increased in the East Midlands over the last 12 months, but are failing to keep up with the rate of inflation, helping to create what the TUC calls "the worst pay squeeze in modern history".

Reach’s Data Unit has analysed the Government’s latest Pay As You Earn (PAYE) figures to explore how the cost of living crisis is hitting the region.

Consumer price inflation (CPI) rose by 9.4% in the year to June 2022, the latest data available. The average monthly salary in the UK has increased by 6.6% between June 2021 and June 2022.

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