“Looking at the year as a whole, the figures reveal a gradual decline in the rate of salary increase. Comparing the latest data to earlier months, such as March with a 7.7 percent increase, and May with a 6.8 percent increase, it’s clear that the momentum has tempered.
“Although this is not the case for all industries. Examining sector-specific trends, the retail sector stands out with an inflation busting 13 percent year-on-year increase in salaries. This is possibly a response to intense staffing pressures in the run-up to Christmas, as demand for festive workers outstrips supply.”
