Latest Inflation Figures Underline Case for Action on Pay

Inflation is rising again, and the latest figures show:

• an all-time record increase in the price of second-hand cars (annual rate of increase 13.2%!)
• furniture and household goods up 3.3%
• communication up 2.6%, mainly due to landline phone bills increasing
• food and non-alcoholic drink up 2.2%, with significant increases in the prices of meat, bread, cereals and vegetables.

So how far is London Underground's "offer" of 1.5% this year and 0.5% next year going to get you?! Your pay “rise” will not even keep up with your rising bills, so is not a pay rise at all, but a pay cut!

Click '1 attachment' / file name to download the report from the Office of National Statistics.