You are on page 1of 1

(The line graph illustrates the relation between wages and inflation in Britain according to

their percentage variations between 2015 and 2022.) According to the line graph illustrated by
the figure, it is known three different variables are evaluated over (a) seven-year period,
specifically between 2015 and 2022. The evaluated data present details about Britain wages and
inflation, and regarding the variables written in previous sentences, they are: consumer prices,
nominal wages (collected and calculated over three-month average), and finally real wages
evaluated mainly in post-pandemic context.

Considering consumer prices, no significant variation was considerable sharply, in fact a sligh rise
in 2016 to 2018 was noticed, and continuing the analysis, a drop slowly between 2019 and 2020.
The shorter lowest rate was found in 2015 near 0%. Nevertheless, over the last two years, there
was a dramatic rise in consumer prices and they reached a peak of 10% it has noticed an
increase sharply, from 1% to 10%leaving a rate of 1 % in a half of 2020 and getting an average over
10% currently. In order, the highest rate since 1989.

With regards to About the nominal and real wages, the measurable results were considered
significatly varieted, there were significant variations during the pandemic-period (2020-2022),
when a sharp jump was noticed in the first period, and finally a regressively fall following the
grown. What called attention for at this specific reasearch research/data was a steady drop fastly
of in real wages, getting reaching the lowest point worse results in 2022, under at least -3%,
consequently undermining consumer prices in the UK . On the other hand, the nominal wages hit an
average of 4.8%.

You might also like