The indicator is calculated with the accountof thegrowth of earnings for the past three months (considering the payments made).
It is a good indicator of the futureinflation level, as rising wages, having not been balanced by growth of productivity, cause price growth.
The index is calculated separately and does not include bonuses, but in this case it is less importantfor the markets.
Effect of market
It has a moderate influence on the dynamics of the British Pound.
Overall, the index growthmay support the Pound.