If we measure inflation by the Retail Price Index – far more commonly used than CPI in pay bargaining – real pay is still falling, writes Richard Exell.
Tag Archives: inflation
Don’t believe the coalition hype. The so-called ‘cost of living crisis’ is far from over, writes James Bloodworth.
Today’s news on inflation is certainly welcome; but we’re not on the home straights yet.
To get an idea of just why so many people are struggling, take a look at this graph, which tracks the increase in the cost of basic food items from 2012 to 2013.
The transparent attempt by the government to selectively reinterpret the data so as to downplay the so-called ‘cost of living crisis’ is frankly rather alarming.
Anyone taking a closer look at the figures can see that one measure of inflation has gone down, while the other has gone up.
Inflation in Britain is the joint highest in the EU, according to a relase out today from the statistics office of the European Union.
Yet again inflation has outpaced wages as figures realeased today by the Office for National Statistics show the Consumer Price Index at 2.7 per cent – unchanged from August.
Figures released by the Office for National Statistics (ONS) show that the rate of inflation has increased to 2.9 per cent in June, up from 2.7 per cent in May.
A minimum wage worker would need to work for 380 hours a week to match the annual salary of someone at the 99th percentile, according to research by the Resolution Foundation.