Quarterly PAYstats Pay and Labour Market Statistics, January 2026

Latest pay and labour market statistics January 2026:

• The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 3.6% in the 12 months to December 2025, up from 3.5% in the 12 months to November.
• The Consumer Prices Index (CPI) rose by 3.4% in the 12 months to December 2025, up from 3.2% in the 12 months to November.
• The UK employment rate based on the LFS for people aged 16 to 64 years was estimated at 75.1% in September to November 2025.
• The UK unemployment rate for people aged 16 years and over was estimated at 5.1% in September to November 2025.
• Early estimates for vacancies in the UK for October to December 2025 suggest a small increase of 10,000 (1.3%) to 734,000 compared with July to September 2025.
• Annual growth in employees' average regular earnings excluding bonuses in Great Britain was 4.3% in the 12 months to November 2025, and annual growth in total earnings including bonuses was 4.8%.