date: 19 June 2012
embargo: For immediate release
Commenting on the latest inflation figures published today (Tuesday) which show that consumer price index (CPI) annual inflation dropped to 2.8 per cent, and retail price index (RPI) annual inflation fell to 3.1 per cent in May, TUC General Secretary Brendan Barber said:
'While today's drop in inflation is welcome, prices are still rising faster than earnings and people are feeling the squeeze on their finances more and more every month.
'Real wages have been falling since mid 2010 and the government's own forecasts point to a three-year real earnings drop.
'The government must now invest in jobs and growth - we won't get a sustainable recovery until incomes start rising again.'
NOTES TO EDITORS:
- The latest inflation figures are available at www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/may-2012/index.html
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @tucnews
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Press release (300 words) issued 19 Jun 2012
This page http://www.tuc.org.uk/economy/tuc-21128-f0.cfm
printed 23 May 2013 at 07:57 hrs by 184.108.40.206