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Pay growth still lags behind inflation

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The squeeze on households showed little sign of loosening as official figures showed pay still lagging 0.5% behind inflation.

Pay excluding bonuses rose by 2% in the three months to May according to the Office for National Statistics (ONS), a pick-up on the 1.7% increase seen the month before.
But with inflation turning higher, there was no improvement for real term wages, though their decline was a slight improvement on the 0.6% seen in the three months to April.

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Source: Sky