Wages hit by higher inflation

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The amount of money workers are taking home continues to fall as inflation takes its toll, official figures show.

Average earnings fell in real terms by 0.6% in the three months to April, compared with the same period last year.

Before inflation, earnings rose by 1.7% excluding bonuses and were up 2.1% including bonuses, according to the Office for National Statistics.

Unemployment fell by 50,000 to 1.53 million in the three months to April.

The ONS said on Tuesday that inflation reached 2.9% in May.

The number of people in work was the joint highest since records began in 1971 at 74.8%, the ONS said.

BBC

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