Wages and labour costs · United Kingdom

United Kingdom Average Earnings excl. Bonus (3Mo/Yr)

The United Kingdom Average Earnings excl. Bonus (3Mo/Yr) measures how fast pay, or the total cost of employing people, is rising in the United Kingdom.

اهمیت
Medium
منتشرشده
Monthly
انتشار بعدی
ارز
GBP · pound sterling
بانک مرکزی
The Bank of England
اثر بر
EURGBP · GBPAUD · GBPCAD · GBPCHF · GBPDKK · GBPJPY · GBPNOK · GBPNZD

آخرین ارقام

آخرین انتشار، برای AUG، در 2026-10-20 منتشر شد و 3.7% بود. این بالاتر از اجماع 3.6% است. این بیشتر از 3.6% در دفعه قبل است (بازنگری‌شده).

A higher figure than expected makes the Bank of England more likely to keep rates high or raise them: it tends to support the pound sterling and push bond yields up, and is often a weight on stocks.

در 12 انتشار اخیر بین 3.4% و 4.6% بود، با میانگین 3.9%.

Nov 2025: 4.6%Dec 2025: 4.6%Jan 2026: 4.5%Feb 2026: 4.2%Mar 2026: 3.8%Apr 2026: 3.6%May 2026: 3.4%Jun 2026: 3.4%Jul 2026: 3.4%Aug 2026: 3.5%Sep 2026: 3.5%Oct 2026: 3.7% Nov 2025Oct 2026
نتایج واقعی؛ خط کوتاه روی هر ستون، اجماع را نشان می‌دهد.
منتشرشدهبرایواقعیپیش‌بینیقبلی
20 Oct 2026AUG3.7%3.6%3.6% ®
15 Sep 2026JUL3.5%3.5%3.5%
18 Aug 2026JUN3.5%3.4%3.4%
21 Jul 2026MAY3.4%3.4%3.4%
18 Jun 2026APR3.4%3.2%3.4%
19 May 2026MAR3.4%3.4%3.6%
21 Apr 2026FEB3.6%3.5%3.8%
19 Mar 2026JAN3.8%4%4.1% ®
17 Feb 2026DEC4.2%4.2%4.4% ®
20 Jan 2026NOV4.5%4.5%4.6%
16 Dec 2025OCT4.6%4.5%4.7% ®
11 Nov 2025SEP4.6%4.6%4.7%

در تقویم اقتصادی ببینید ←

چرا مهم است

Wages are the largest cost for service businesses, so wage growth well above productivity growth turns into lasting inflation. Central banks watch it to judge whether inflation will return to target; strong wage growth tends to keep the Bank of England hawkish.

روش محاسبه

Pay data come from employer surveys, tax records or collective agreements; the release usually shows the change from a year earlier. Labour cost indexes include employers' social contributions and benefits.

Wage growth (yoy) = average pay ÷ average pay a year ago − 1
Real wage growth ≈ wage growth − inflation

تغییرات چه معنایی دارند

  • Wage growth of about 3–3.5% is roughly consistent with 2% inflation when productivity grows about 1%.
  • Compositional effects (low-paid workers losing jobs) can lift the average misleadingly.

بالاتر از انتظار: A higher figure than expected makes the Bank of England more likely to keep rates high or raise them: it tends to support the pound sterling and push bond yields up, and is often a weight on stocks.

پایین‌تر از انتظار: A lower figure than expected gives the Bank of England room to cut or hold rates lower: the pound sterling tends to soften and bond yields to fall.

تاریخچه‌ای کوتاه

The link between wages and inflation was described by A. W. Phillips in 1958 (the Phillips curve); it has weakened and strengthened over the decades but remains central to central-bank thinking.

پرسش‌ها

What is the United Kingdom Average Earnings excl. Bonus (3Mo/Yr)?

The United Kingdom Average Earnings excl. Bonus (3Mo/Yr) measures how fast pay, or the total cost of employing people, is rising in the United Kingdom.

What was the latest United Kingdom Average Earnings excl. Bonus (3Mo/Yr)?

3.7% for AUG, published on 20 October 2026 (consensus 3.6%, previous 3.6%).

When is the next United Kingdom Average Earnings excl. Bonus (3Mo/Yr)?

On Tuesday 17 November 2026 at 07:00 UTC.

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