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date: 12 February 2013

embargo: For immediate release

No let up for families as price rises continue to stretch household budgets

Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics - which show that CPI inflation remained at 2.7 per cent, while RPI inflation rose to 3.3 per cent in January - TUC General Secretary Frances O'Grady said:

'There has been no let up in the financial pressures being faced by millions of ordinary families.

'Despite the bargains to be had on every high street last month, the cost of living is rising twice as fast as wages, and household budgets are still under huge strain.

'The Chancellor must use next month's Budget to change course and secure strong growth. Unless real wages start to rise again, people will be reluctant to spend, and until they do, our economy is likely to remain in the doldrums.'

NOTES TO EDITORS:

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Contacts:

Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Alex Rossiter T: 020 7467 1337 M: 07887 572130 E: arossiter@tuc.org.uk

Press release (300 words) issued 12 Feb 2013