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The Guardian - UK
The Guardian - UK
Business
Richard Partington Economics correspondent

UK regular pay rises faster than inflation, easing pressure on living costs

Inflation United Kingdom Office for National Statistics Bank of England
Commuters make their way across London Bridge
Commuters in central London. Regular pay packets rose by 9.6% for workers in finance and business services. Photograph: Jeff Gilbert/Alamy Live News

Average wage growth in the UK rose above inflation in August for the first time in almost two years, according to official figures, easing some of the pressure on workers amid the cost of living crisis.

The Office for National Statistics said annual growth in regular pay, excluding bonuses, was 7.8% in the three months to August, among the fastest growth rates on records dating back to 2001.

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