Head Office Circular No. NP/122/13
To the Secretary all Branches,
Council of Executive members,
Regional Councils and Regional Offices.
Tuesday 21st May 2013
New Inflation Rates
The Office for National Statistics has just published new inflation figures for the twelve months to April 2013.
The Retail Prices Index (RPI) stood at 2.9% for the year to April 2013, down 0.4% from the 3.3% figure to March2013.
The Consumer Prices Index (CPI) stood at 2.4% for the year to April 2013, down 0.4% from the 2.8% figure toMarch 2013.
According to the ONS, food (especially vegetables) and non-alcoholic beverages were up the most. And transportcosts (particularly motor fuels and air fares) dropped significantly.
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.