date: 14 August 2012
embargo: for immediate release
Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics - which show that CPI inflation increased to 2.6 per cent and RPI inflation increased to 3.2 per cent in July - TUC General Secretary Brendan Barber said:
'This shock rise in inflation is a body blow to workers in need of respite after two years falling wages.
'Last week the Bank said the UK economy would improve as real incomes started to grow. Today's news will knock back the recovery even further into the future.
'And there is a further shock in store for rail commuters, who could see the price of their season ticket going up three times faster than their pay rise.
'In return for these whopping fare increases, rail travellers can expect cutbacks to services and more unmanned stations, creating safety risks for those travelling at unsociable hours.'
NOTES TO EDITORS:
- The latest inflation figures are available at http://www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/july-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 14 Aug 2012
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printed 20 May 2013 at 01:10 hrs by 126.96.36.199