This statistic compares the United Kingdom (UK) national minimum wage (NMW) and Consumer Price Index (CPI) percentage changes from 2000 to February 2013. This helps to understand the real value of the NMW increases. From 2000 to 2008, the NMW increased above the level of inflation (as measured by the CPI). From 2009 to February 2013, however, the NMW increased below the CPI, meaning that in real terms, people working at the NMW level were earning less.
Comparison of UK national minimum wage (NMW) and Consumer Price Index (CPI) percentage changes from 2000 to February 2013
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The Guardian. (April 15, 2013). Comparison of UK national minimum wage (NMW) and Consumer Price Index (CPI) percentage changes from 2000 to February 2013 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/280903/minimum-wage-and-cpi-percentage-changes-in-the-united-kingdom-uk/
The Guardian. "Comparison of UK national minimum wage (NMW) and Consumer Price Index (CPI) percentage changes from 2000 to February 2013." Chart. April 15, 2013. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/280903/minimum-wage-and-cpi-percentage-changes-in-the-united-kingdom-uk/
The Guardian. (2013). Comparison of UK national minimum wage (NMW) and Consumer Price Index (CPI) percentage changes from 2000 to February 2013. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/280903/minimum-wage-and-cpi-percentage-changes-in-the-united-kingdom-uk/
The Guardian. "Comparison of Uk National Minimum Wage (Nmw) and Consumer Price Index (Cpi) Percentage Changes from 2000 to February 2013." Statista, Statista Inc., 15 Apr 2013, https://www-statista-com.ezproxy.canberra.edu.au/statistics/280903/minimum-wage-and-cpi-percentage-changes-in-the-united-kingdom-uk/
The Guardian, Comparison of UK national minimum wage (NMW) and Consumer Price Index (CPI) percentage changes from 2000 to February 2013 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/280903/minimum-wage-and-cpi-percentage-changes-in-the-united-kingdom-uk/ (last visited November 10, 2024)
Comparison of UK national minimum wage (NMW) and Consumer Price Index (CPI) percentage changes from 2000 to February 2013 [Graph], The Guardian, April 15, 2013. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/280903/minimum-wage-and-cpi-percentage-changes-in-the-united-kingdom-uk/
