Latest pay and labour market statistics August 2023:
The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 6.4% in the 12 months to July 2023, down from 7.3% in June.
The Consumer Prices Index (CPI) rose by 6.8% in the 12 months to July 2023, down from 7.9% in June.
The UK employment rate was estimated at 75.7% in April to June 2023, 0.1 percentage points lower than January to March 2023.
The unemployment rate for April to June 2023 increased by 0.3 percentage points on the quarter to 4.2%.
In May to July 2023, the estimated number of vacancies fell by 66,000 on the quarter to 1,020,000.
Annual growth in regular pay (excluding bonuses) was 7.8% in April to June 2023. Annual growth in employees’ average total pay (including bonuses) was 8.2%.