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Insider UK
Insider UK
Business
Peter A Walker

Worker pay lags behind soaring inflation, despite wage hikes

UK workers saw their pay fall behind sky-high inflation, despite another steep hike in earnings, as the cost-of-living crisis hit hard.

The Office for National Statistics (ONS) stated that regular pay, excluding bonuses, grew by 5.2% over the three months to July.

But, with Consumer Prices Index (CPI) inflation taken into account, real pay fell by 3.9% year-on-year.

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