Tuesday, April 16, 2013

New Inflation Rates

Head Office Circular No. NP/95/13

To the Secretary all Branches,
Council of Executive members,
Regional Councils and Regional Offices.

Tuesday 16th April 2013

Dear Colleagues,

New Inflation Rates

The Office for National Statistics has just published new inflation figures for the twelve months to March 2013.

The Retail Prices Index (RPI) stood at 3.3% for the year to March 2013, up 0.1% from the 3.2% figure to February 2013.

The Consumer Prices Index (CPI) stood at 2.8% for the year to March 2013, unchanged from the 2.8% figure to February 2013.

According to the ONS, audio-visual equipment and books, as well as newspapers and stationery costs were up the most. The cost of furniture and furnishings, motor fuels and meat were down.

RMT pay submissions will continue to emphasise that your financial commitments have increased at a greater rate than official inflation and that your living standards are undermined by this disparity.

Yours sincerely

Bob Crow
General Secretary

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