Reuters report on figures via the Chartered Institute of Personnel and Development (CIPD)

  • private-sector employers expect to raise staff pay by an average of 2.5% over the next 12
  • falling well short of the likely rate of inflation (BoE Q2 2022 CPI forecast is 5%)

The slow rate of pay rises is not likely to fuel the inflation rate perhaps as much as was expected.

More at the Reuters link here.