Zero inflation not enough to secure future living standards, says TUC

14 July 2015

Commenting on the latest inflation figures published today (Tuesday), which show slight falls with the Consumer Price Index (CPI) inflation at 0.0 per cent and core inflation at 0.8 per cent, TUC General Secretary Frances O’Grady said:

“Inflation being so far below target shows that the strength and stability of the recovery can’t be taken for granted. The Chancellor has to fix the fundamental problems with the economy, and most of all he must get productivity rising.

“The government’s productivity plan must be backed up with significant investment in skills, innovation and infrastructure. This is the only way to achieve sustainable pay growth when inflation rises again, and to ensure stable public finances.”

NOTES TO EDITORS:

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

Media enquiries:
Alex Rossiter  T: 020 7467 1285  M: 07887 572130  E: arossiter@tuc.org.uk
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Clare Santry  T: 020 7467 1372  M: 07717 531150  E: csantry@tuc.org.uk
Elly Gibson (Mon to Wed)  T: 020 7467 1337  M: 07900 910624  E: egibson@tuc.org.uk
Kay Atwal (Thur and Fri)  T: 020 7467 1385  M: 07941 547469  E: katwal@tuc.org.uk