UNITE: No change to inflation means continued pain for working families
Inflation remained at a two-and-a-half-year high in May. The Consumer Prices Index (CPI) rate of inflation remained at 4.5 per cent last month and the Retail Price Index (RPI) remained at 5.2 per cent. Research from the Institute of Fiscal Studies (IFS) has revealed that poorer households have experienced higher inflation than rich households.
Unite general secretary, Len McCluskey said:
"Inflation remains stubbornly high, but it is the poorest households which are suffering the most as a result of the government's failure to get to grips with the economy. "The rising costs of food and fuel are really hitting many workers who already face massive job cuts, pay freezes and rising pension costs. This is piling huge pressure on their finances.
"There is no strategy from the government to ease the pressure on working families. It's time for this government to act in their interests and make the economy work for the many, not just for the few."
ENDS
Contact: Ciaran Naidoo on 07768 931 315
-01.png){kind=spacer}