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Oral question asked in the House of Commons, by Chris Green (Conservative). It was answered by Damian Hinds (Conservative) on Tuesday, 21 July 2015 on behalf of the Treasury.


Wage Growth and Inflation

Question

What comparative assessment he has made of the rates of wage growth and inflation.

Answer

The hard work on economic recovery is now paying off as people see their pay packets growing faster. The most recent data show real pay growing at 3.2%. Inflation is low: the price of fuels has fallen by 10.5% in the past year and the price of food by 2.2%.


Secondary information

Type
Oral question
Reference
901126 
598 cc1363-5 
Session
2015-16
Oral question type
Lead
Chamber / Committee
House of Commons chamber
Subjects
Inflation Average earnings
Link
View this Oral question on www.publications.parliament.uk