New Inflation Rates

 

Tuesday 13^th December 2011

Circular No. National Policy 236/11/MC

To the Secretary all Branches,

Council of Executive members,

Regional Councils and Regional Offices.

Dear Colleagues,

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 5.2%, down from the 5.4% figure for the twelve months to October 2011.

The Consumer Price Index (CPI) is 4.8% for the twelve months to November 2011. This is down 0.2% from the figure for the twelve months to October 2011.

The largest downward pressures came from food, petrol, furniture and clothing. Partially offsetting these were upward pressures from wines & spirits off sales and fuel & light.

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.

Yours Sincerely

Bob Crow,

General Secretary