Head Office Circular No. NP/394/21
To all Branches and Regional Councils
20th October 2021
New Inflation rates for year to September 2021
The Office for National Statistics (ONS) has published inflation rates for the year to September 2021. The Retail Prices Index (RPI) increased to 4.9%, a 0.1% increase from 4.8% from the year to August 2021.
The alternative measures of CPI and CPIH fell to 3.1% (down 0.1% from August) and 2.9% (down 0.1% from August), 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.