Wage development fails to overhaul inflation once more

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Wages within the three months to February rose by 2.eight%, unchanged from the three months to January.

The determine was weaker than forecast however was nonetheless the very best since September 2015.

Inflation over the interval, as measured by the buyer worth index, was round 2.9%.

Unemployment fell by 16,000 between December and February to 1.42 million, in accordance with the most recent Workplace for Nationwide Statistics figures.

The variety of folks in work has reached a document excessive of 32.2 million.

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