date: 14 February 2012
embargo: For immediate release
Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics (ONS), which show that RPI inflation fell to 3.9 per cent and CPI to 3.6 per cent in January, TUC General Secretary Brendan Barber said:
'This latest drop in headline inflation is good news for consumers, but inflation falls are being matched by low pay rises. With prices still increasing twice as fast as wages, workers are still getting poorer month-by-month while high unemployment and wage stagnation persists.
'Inflation looks like being somewhat less of a problem in 2012, but our persistent lack of economic growth, mass unemployment and the ongoing damage caused by the government's austerity programme remain huge dangers.'
NOTES TO EDITORS:
- The latest inflation figures are available at http://www.ons.gov.uk/ons/dcp171778_255287.pdf
- All TUC press releases can be found at www.tuc.org.uk