Average Earning Growth
The indicator is calculated by taking into account earnings growth over the past three months (taking into account all payments that were actually made). This is a good indicator of future inflation, as rising wages, if they are not offset by productivity growth, are the cause of rising prices. It is one of the defining indicators, according to which the Bank of England determines interest rates. It has a significant impact on the market.
- Release Frequency: monthly.
- Release Schedule: 09:30 GMT.
- Source: U.K. Office of National Statistics.