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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

UK pay growth slowdown adds to inflation squeeze on households

Inflation United Kingdom Office for National Statistics Bank of England
Shop assistant at checkout in Asda store, Tottenham, London
A shop assistant in an Asda store. The increase in employment was driven by young people taking part-time jobs and a rise in the number of self-employed. Photograph: Simon Rawles/Alamy

UK wage growth slowed in the three months to January, despite inflation staying stubbornly high, prolonging the cost of living crisis affecting millions of households.

Wages growth fell to 5.7% from a revised 6% in December to leave the average pay rise 3.2% below the rate of inflation, the Office for National Statistics (ONS) said.

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