UK wage growth failed to keep pace with rising cost of living between November and January, new figures show.
Wages rose, but taking inflation into account, wages showed a 1.0% year-on-year decline, the Office for National Statistics (ONS) said.
It comes amid concerns that the war in Ukraine will further soar household energy and food bills.
The new figures also show that the unemployment rate fell to 3.9%, while job vacancies hit another record high.
Add Comment