Inflation for the year to August 2022

Head Office Circular No. NP/193/22

 

To all Branches and Regional Councils

 

14^th September 2022

 

Dear Colleagues

 

New Inflation rates for year to August 2022

 

The Office for National Statistics (ONS) has published[1] inflation rates for the year to August 2022. The Retail Prices Index (RPI) remained at 12.3%, a 0% increase from 12.3% for the year to July 2022.

 

The alternative measures of CPI and CPIH fell to 9.9% (down 0.2% from July) and 8.6% (down 0.2% from July) respectively.

 

Your union’s policy is to use the RPI rate in all pay negotiations. Should an employer attempt to use alternative inflation measures during pay talks, please inform the National Policy department as soon as possible.

 

I would be grateful if you could bring the content of this circular to the attention of all members in your Branch.

 

Yours sincerely

Michael Lynch

General Secretary

 

 

[1] https://www.ons.gov.uk/economy/inflationandpriceindices