National Statistics Online - Product - Average Earnings Index
Average Earnings Index
Product
The Average Earnings Index (AEI) is Great Britain's key indicator of how fast earnings are growing. The index measures how earnings in the latest month compare with those for the last base year when the index took the value of 100. The current base year is 2000. The AEI is used to calculate annual rates of increase, based on the average of the seasonally adjusted index values for the latest three months compared with a year earlier. This headline rate of increase, introduced in April 1998, replaces the previously published ‘underlying rate’ and will be subject to fewer revisions.
The Average Earnings Index is shown for the whole economy. Separate indices are published for the public and private sectors. The index is also shown for production, of which manufacturing is the largest part,... View more information about this product
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