Are Your Wages Keeping Up With Inflation? - A Calculator

24th November 2022

The Office for National Statistics has produced a very easy to use calculator to check how your wages stand against inflation.

Inflation, the rate at which the price of goods and services rises year-on-year, has been rising rapidly since late 2021. This has contributed to rises in the cost of living, because people need more money to be able to buy the same amount of goods.

When the inflation rate outstrips your wage growth, you lose money in real terms, as you need to spend a higher proportion of your wages to buy the same goods. When your wage grows faster than prices, you have gained money in real terms, effectively enjoying a higher standard of living.

Use our calculator to find out what your salary would need to increase by to match rising inflation.


Check it out HERE