Tuesday, March 19, 2013

Inflation Rates

Head Office Circular No. NP/067/13

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

Tuesday 19th March 2013

Dear Colleagues,

New Inflation Rates

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

The Retail Price Index (RPI) stood at 3.2% for the year to February 2013, down 0.1% from the 3.3% figure to January 2013.

The Consumer Price Index (CPI) stood at 2.8% for the year to February 2013, up 0.1% from the 2.7% figure to January 2013.

According to the ONS, electricity and gas prices were up the most. With recreational goods (such as games and photographic equipment), motor fuels and air transport also up. The cost of food (especially chocolate and confectionery) as well as soft drinks and alcoholic drinks was 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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