Deflation threat is the mark of a failed economic plan, says TUC

14 April 2015

Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation at zero per cent for the second month in a row, and core inflation falling to one per cent, TUC General Secretary Frances O’Grady said:

“Zero inflation is a mark of the weak condition the economy has been left in by a failed economic plan.

“Stagnating prices are not a sound foundation for the strong and sustained pay rises that workers have been waiting years for.

“With the threat of deflation set to continue, the Conservatives' plans for extreme cuts after the election look more and more like a suicide note for the UK economy.”

NOTES TO EDITORS:

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