Inflation figures: Living standards crisis grinds on

Inflation figures: Living standards crisis grinds on

Commenting on today’s inflation figures (RPI of 2.5 per cent and CPI of 1.8 per cent), TUC General Secretary Frances O’Grady said:

“Last month we were told the living standards crisis was over. Yet one month later real wages are falling again. Even on a measure that excludes the cost of housing, prices are rising faster than wage packets.

“It will be years before workers even recover the earnings they have lost since 2008, let alone start to feel any better off. A real recovery where decent jobs provide fair wages, security and future prospects remains a distant goal.” 

NOTES TO EDITORS:

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