New Inflation Rates

Head Office Circular No. NP/006/14

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

Tuesday 14th January 2014

Dear Colleagues,

New Inflation Rates

The Office for National Statistics has published inflation figures for the twelve months to December.

The Retail Prices Index (RPI) stood at 2.7% for the year to December 2013, up from the 2.6% figure to November 2013.

The Consumer Prices Index (CPI) stood at 2% for the year to December 2013, down from the 2.1% figure to November 2013.

Further information, including the latest inflation forecasts, will follow in the RMT Pay Bulletin (due out later this week).

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