In December 2011 the Consumer Prices Index stood at 121.7 (Base date: 2005). The Average Weekly Earnings index for that month for workers in the Transport and storage sector was 148.7 (base date: 2000). In December 2010 the CPI was 116.8 and AWE index for workers in the Transport and storage sector was 145.4. What is the real earnings for workers in the Transport and storage sector for December 2011 compared with one year earlier?

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To calculate the real earnings for workers in the Transport and storage sector for December 2011 com... View the full answer