Low inflation signals weakness in the economy, says TUC
“The UK’s continuing low inflation is a sign that the economy still lacks the demand needed to get back to full strength. We need investment in skills, infrastructure and public services to promote growth for the long term.”
17 May 2016
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation falling to 0.3% and core inflation back down to 1.2%, TUC General Secretary Frances O’Grady said:
“The UK’s continuing low inflation is a sign that the economy still lacks the demand needed to get back to full strength. Wage growth remains too weak and we do not have the level of public investment needed to secure stronger growth.
“With the UK economy slowing down, the government cannot continue to stand by. We need investment in skills, infrastructure and public services to promote growth for the long term.”
NOTES TO EDITORS:
- All TUC press releases can be found at www.tuc.org.uk
- Follow the TUC on Twitter: @The_TUC and follow the TUC press team @tucnews
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