Tuesday 15th November 2011
Circular No. National Policy 194/11/MC
To the Secretary all Branches,
Council of Executive members,
Regional Councils and Regional Offices.
New Inflation Rates
The Office of National Statistics has just published new inflation figures for the twelve months to October 2011.
The Retail Price Index (RPI) for this twelve monthly period is 5.4%, down from the 5.6% figure for the twelve months to September 2011.
The Consumer Price Index (CPI) is 5.0% for the twelve months to October 2011. This is down 0.2% from the figure for the twelve months to September 2011.
The largest downward pressures came from falls in the cost of food and petrol. Partially offsetting these were upward pressures from clothing, furniture, electricity and gas.
In pay submissions the RMT will continue to emphasise that your financial commitments have increased at a much greater rate than inflation and your living standards have suffered as a result.