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Out of Interest, Wage Inflation?

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  • JoeCrystal
    JoeCrystal Posts: 3,325 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    smartn wrote: »
    Good link and interesting reading however looking at the make up of there index 21% of it is down to alchol and tobacco - not really 'Essentials' are they?

    Should be food, energy and water. :D Now that IS important!

    Maybe I should try to calculate the Food Energy Water Index or FEW Index for short! :D

    Cheers,
    Joe
  • jimjames
    jimjames Posts: 18,659 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    £100 to £111 since 2009
    Remember the saying: if it looks too good to be true it almost certainly is.
  • KingKenny
    KingKenny Posts: 242 Forumite
    Part of the Furniture Combo Breaker
    jimjames wrote: »
    £100 to £111 since 2009


    So 11% over 4 years, what 2.3% a year compounded roughly? Not up with RPI, but not too bad, better than most?

    Me a 100 pound in 2009, 4 years on 106 pound.....That's not taking into consideration cost RPI inflation over the 4 years...I would be very negative if RPI was accounted for...
    We are all getting poorer....
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    KingKenny wrote: »
    Thought average wage inflation was about 1%, and what an instant access accounts are paying 1.6% net of 20% tax. The trend is still there.....

    Real inflation what 5%, Merv tracks wages never costs, wtach rates rise if wages ever get to 4% average rises...


    And the effect of the increase of public sector pension contributions?
  • Ark_Welder
    Ark_Welder Posts: 1,878 Forumite
    Minus one hundred percent. Don't regret a single quid of it either!
    Living for tomorrow might mean that you survive the day after.
    It is always different this time. The only thing that is the same is the outcome.
    Portfolios are like personalities - one that is balanced is usually preferable.
  • jimjames
    jimjames Posts: 18,659 Forumite
    Part of the Furniture 10,000 Posts Photogenic Name Dropper
    KingKenny wrote: »
    So 11% over 4 years, what 2.3% a year compounded roughly? Not up with RPI, but not too bad, better than most?

    Me a 100 pound in 2009, 4 years on 106 pound.....That's not taking into consideration cost RPI inflation over the 4 years...I would be very negative if RPI was accounted for...
    We are all getting poorer....

    10% compounded over last 3 years plus 1%. Was part of the team that negotiated it so very happy with the result we got despite sceptics at the time!
    Remember the saying: if it looks too good to be true it almost certainly is.
  • JohnnyJet
    JohnnyJet Posts: 297 Forumite
    Part of the Furniture Combo Breaker
    0% increase for 3 years and 0% again for this year :(
  • JohnRo
    JohnRo Posts: 2,887 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Real world inflation

    http://tullettprebonresearch.files.wordpress.com/2013/02/tpsn043_essentials_index.pdf
    'We don't need to be smarter than the rest; we need to be more disciplined than the rest.' - WB
  • bigoll
    bigoll Posts: 27 Forumite
    Not sure what jobs you're doing for £100 a week or similar - that's £5,200 a year, which is chicken feed. Are these part-time jobs?

    Personally I've seen a 13% increase since 2009, so average annual inflation of 2.6%. Not brilliant but better than many by the look of it. Bonuses have improved year on year too.
  • JoeCrystal
    JoeCrystal Posts: 3,325 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    bigoll wrote: »
    Not sure what jobs you're doing for £100 a week or similar - that's £5,200 a year, which is chicken feed. Are these part-time jobs?

    :p I think KingKenny meant proportionally rather than literally £100.

    Cheers,
    Joe
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