LONDON: More British employers are planning pay rises than at any time since the global financial crisis as they struggle to recruit staff following the coronavirus pandemic and Brexit, data from the Confederation of British Industry showed on Monday.
The CBI said 44% of businesses intended to raise pay in line with inflation and 24% planned above-inflation pay rises, the highest combined percentage since it started surveying businesses about this in 2009.
"Pay intentions are rising across the board as firms reopen and the economy recovers," Matthew Percival, the CBI's director of skills and inclusion said.
However he warned that businesses were likely to pass on higher wage bills to their customers unless productivity improved, especially as many aRead More »
Wednesday, 24 August 2016 SINGAPORE may have recorded its 21st straight month of negative inflation in July – its longest stretch of falling prices on record – but economists continue to stress that the country is not in a deflationary spiral. This is because the sub-zero headline reading – …Read More »
Wednesday, 20 July 2016 KUALA LUMPUR: Higher food prices such as vegetables, fish and fruits pushed June inflation rate up 1.6% from a year ago but this was slightly lower than the 1.8% forecast by economists. The Statistics Department said on Wednesday June inflation rose to 114.8 from 113.0 a …Read More »
Saturday, 1 July 2017 TOKYO – The consumer price index for Japan in May 2017 rose 0.4 percent over the year, the Internal Affairs Ministry’s statistical bureau said in a report released Friday. The inflation figure for May before seasonal adjustment stayed at the same level as in the previous …Read More »
Thursday, 20 April 2017 PETALING JAYA: Higher fuel prices sent the rate of inflation for March soaring to its highest level in nearly nine years, with the consumer price index (CPI) rising 5.1%. With the headline inflation rate the highest since November 2008 but lower than expectations, it was the …Read More »
Wednesday, 12 April 2017 BEIJING – This was up from February’s 0.8%, which was the lowest since January 2015, but was below forecasts of up to 1%. Producer prices rose slower than in February, with the Producer Price Index (PPI) up 7.6% compared to the year before, down from February’s 7.8%. Producer inflation was up to the fastest pace in almost 10 years …Read More »
Monday, 27 March 2017 KUALA LUMPUR: Malaysia’s inflation, which recorded the fastest growth in 8 years in February, is expected to ease given the decline in global oil prices, said Second Finance Minister Datuk Seri Johari Abdul Ghani. “If we look at current oil prices, it have come down. I …Read More »
Wednesday, 22 February 2017 KUALA LUMPUR: The consumer price index (CPI) for January 2017 rose 3.2% from a year ago, mainly due to the increase in petrol prices and food and exceeding a Bloomberg survey of a 2.7% rise. The inflation rate rose 1.1% from December 2016 while the CPI …Read More »
Saturday, 21 January 2017 CARACAS: Venezuelan consumer prices rose 800% in 2016 while the economy shrank 18.6%, according to preliminary central bank figures, the sharpest economic contraction in 13 years and the worst inflation reading on record. An extended slump in oil prices has turned the OPEC nation’s once-prosperous economy …Read More »
Friday, 23 December 2016 SINGAPORE – After 24 straight months of sliding readings, the Singapore consumer price index, the main measure of inflation, was flat in November compared with the same month a year ago. Lower oil prices, and falling car prices and accommodation costs, partly due to the soft property …Read More »