date: 22 May 2012
embargo: For immediate release
Commenting on the latest inflation figures published today (Tuesday) which show that consumer price index (CPI) annual inflation fell to 3 per cent and retail price index (RPI) annual inflation fell to 3.5 per cent in April, TUC General Secretary Brendan Barber said:
'Today's sharp fall in inflation will bring relief to millions of people struggling to keep up with the rising cost of living.
'But with earnings growing by just 0.6 per cent, people are still getting poorer every month.
'We need falling inflation to be matched with far better pay rises to get people's incomes growing again. This will only happen when our economy is moving in the right direction.'
NOTES TO EDITORS:
- According to the TUC living standards index, prices rose eight times faster the wages for the poorest households in March www.tuc.org.uk/economy/tuc-21055-f0.cfm
- The latest inflation figures are available at www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/april-2012/index.html
- The latest available pay figures show that average weekly earnings (total pay including bonuses) grew by 0.6 per cent in March 2012.
- All TUC press releases can be found at www.tuc.org.uk
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Issued: 22 May, 2012