New Inflation rates for year to December 2022

Head Office Circular No. NP/020/23


To all Branches and Regional Councils


18th January 2023


Dear Colleagues


New Inflation rates for year to December 2022


The Office for National Statistics (ONS) has published[1] inflation rates for the year to December 2022The Retail Prices Index (RPI) was 13.4%, a fall of 0.6% from the previous month’s figure but still at an incredibly high rate.


The alternative measures of CPI and CPIH also fell, to 10.5% (down 0.2% from November’s figure) and 9.2% (down 0.1%) respectively but also remain extremely high.


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

20200518 Mick Lynch sig

Michael Lynch

General Secretary