MILLIONS of workers are facing a cut to pay as inflation eats into household earnings.
New figures released today by the Office for National Statistics (ONS) show that regular pay in real terms fell by 2.7%.
This is slightly smaller than the record fall in real regular pay we saw in April to June 2022 (3.0%), but remains among the largest falls in growth since comparable records began in 2001.
Not taking into account inflation this is a rise of 5.7%.
Data from the ONS previously revealed the inflation went up to 10.1% in September from 9.9% in August and is now back to a 40-year high.
Growth in average total pay, including bonuses, was 6.0%.
Wages grew by 5.7% in July to September, not including bonuses.
This is the strongest growth in regular pay seen outside of the coronavirus pandemic period.
