WAGES in the UK have slowed and the job market has cooled due to rising inflation.
The latest figures from the Office for National Statistics (ONS) show annual salaries went up by 5% excluding bonuses from April to June.
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In real terms, taking into account the CPI measure of inflation, wage growth was 0.9% for regular pay and 0.5% for total pay.
Annual average regular earnings growth was 5.7% for the public sector and 4.8% for the private sector across the same three month period.
