Wages rise by 1.7% and over the rate of inflation

Average earnings increased by 1.7% in the year to February, above the CPI inflation rate of 1.6%.

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Average Weekly Earnings in Dec-Feb up 1.7% on same time last year http://t.co/sFvlwU6XkF

The increase in earnings will be the first time in six years that the average wage has risen above the consumer price index (CPI), which stands at 1.6% for 2014.

Read More: Wages expected to surpass inflation for first time in 6 years

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Wage rises beat inflation for first time in six years

Average earnings increased by 1.7% in the year to February, above the CPI inflation rate for the first time in six years.