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Commenting on the latest inflation figures published today (Tuesday), which show the Consumer Price Index (CPI) inflation back in negative territory and core inflation unchanged at 1.0 per cent, TUC General Secretary Frances O’Grady said:

Commenting on the latest inflation figures published today (Tuesday), which show the Consumer Price Index (CPI) inflation back in negative territory and core inflation unchanged at 1.0 per cent, TUC General Secretary Frances O’Grady said:

“Inflation stuck ‘at or around zero’ suggests the recovery is not fully secured and that future living standards gains cannot be taken for granted. And with the UK’s economic prospects remaining uncertain, rate rises this year must now be off the agenda.

“Our economy is not out of the woods yet. We need significant investment in skills, innovation and infrastructure to boost productivity and ensure we have a recovery that works for the many and not just the few.”

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