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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.
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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

- Congress 2012 will be held at the Brighton Centre from Sunday 9 September to Wednesday 12 September. Free media passes can be obtained by visiting www.tuc.org.uk/mediacredentials and completing an online form. Applications must be in by noon on Wednesday 29 August. Any received later than that will be processed in Brighton and will cost £50. Please note that the Brighton Centre requires 60 days' notice for telephone line facilities. Details available on the link above.

Contacts:

Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Elly Gibson T: 020 7467 1337 M: 07900 910624 E: egibson@tuc.org.uk

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