Prices in general rising over time, so the same money buys less.
You'll hear it as
With inflation at 6 per cent, a 3 per cent pay rise is a pay cut.
Why it matters to you.
When comparing pay rises, compare them with inflation. That's what a "cost of living" rise means.
Videos.
Mentioned in 1 video, plus more on Business & startups.
Hot take0:47
12 Sep 2026 · 0:47
383 views
In the news0:34
13 Nov 2026 · 0:34
3,054 views
Hot take0:53
3 Nov 2026 · 0:53
211 views
How-to0:20
30 Oct 2026 · 0:20
154 views
