Under the deal agreed by civil servants and their union, next year's pay settlement will be RPIX minus 1%.
Public sector workers agreed a three year deal which this year equated to a 7% pay rise.
But that dips to 5.8% from January 2024, which is RPIX in June 2023 minus 1%.
RPIX is the inflation rate minus mortgage payments.
Yesterday's inflation bulletin showed the other main inflation indicator, RPI, was running at 7.2%.
That's down 1% on the March figure and shows that prices within the 'basket' that determine inflation are still rising, but not as much as they were.

Beau Sejour remaining shut over weekend
Flyers advertising polar opposites delivered in Guernsey
Alex Scott named in England squad
Dangerous cycling on Guernsey roads
Closure ongoing at Guernsey's leisure centre
Guernsey's leisure centre closed for another day
Health authorities to consider 'cot cams' recommendation
Guernsey tax backlog 'worse than thought'