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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 increased to 3.1 per cent – TUC General Secretary Frances O'Grady said:
Title

date: 15 January 2013

embargo: For immediate release

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 increased to 3.1 per cent - TUC General Secretary Frances O'Grady said:

'Inflation has been outstripping wage rises for three years now, which has already cost the average worker £4,000.

'Unless inflation falls are matched by stronger pay growth, 2013 will be the fourth year in a row that people have suffered real wage cuts. We won't have a sustainable economic recovery without healthier pay rises.

'The hike in energy bills is particularly tough on the poorest households, who spend over a quarter of their income on utility payments.

'But rather than help these families, the government has just voted to make their financial situation even worse by capping rises in vital benefits and tax credits from this April.'

NOTES TO EDITORS:

- The latest inflation figures are available at www.ons.gov.uk/ons/dcp171778_294429.pdf

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnews

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

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