UK pay overtakes inflation for first time since 2021
Average pay growth in the United Kingdom rose above inflation for the first time in almost two years, indicating that the squeeze on living costs is starting to ease for some.
Wages rose by 7.8 per cent between June and August, according to official figures.
It is higher than average inflation over the same three months, which measures the rate at which prices rise.
The last time that pay growth overtook price increases was in October 2021, during the Covid pandemic.
However, the rise in wages is an average and does not mean that cost of living pressures are subsiding for everyone.
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