Inflation figures show economy is not operating at full strength, says TUC
“Despite a small rise, the overall picture is still of very low inflation. It indicates that the economy is still not at full strength, with too much underemployment and too little wage growth.
12 April 2016
Commenting on the latest inflation figures published today (Tuesday), which show Consumer Price Index (CPI) inflation up to 0.5%, TUC General Secretary Frances O’Grady said:
“Despite a small rise, the overall picture is still of very low inflation. It indicates that the economy is still not at full strength, with too much underemployment and too little wage growth.
“With the global economy slowing down, the government cannot just sit 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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