The latest inflation figures show that pay rises are being outstripped by inflation.
The ONS has released the inflation report for this month. It’s up again, although not as much as recent increases:
The Consumer Prices Index (CPI) annual inflation grew by 2.8% in February 2013, up from 2.7% in January. The change in the rate follows four consecutive months when it stood at 2.7%.
The upward pressure came mainly from increases in gas and electricity bills and from price changes for some recreational goods, motor fuels and air transport.
By comparison, wages are rising at an average of just 1.5 per cent.
49 Responses to “Pay rises outstripped by inflation”
David Cameron
It’s high time to sack this Conservative led coalition
mike cobley`
2.8%? – not a chance! More like 7-8% on food, utilities, fuel, etc etc.
SadButMadLad
Yep, it’s not just those on benefits who are feeling the pinch. Those working full time are also affected. Though benefits have risen more than 1.5% so it’s actually the workers who are worse off than benefits claimants.
Newsbot9
Absolute nonsense. Complete nonsense, in fact.
Benefits are set at the minimum level people need to live on. Reducing them causes misery and suffering when they don’t match inflation – and I mean RPI.
Mick
Prices already outstripped inflation under Labour, such as car costs and groceries and house prices. People always felt the pinch, especially as inflation was actually higher during Labour’s last year.
And now house prices have fallen, car prices have fallen and grocery prices aren’t quite as out of control as they were under Labour.
So things have equalised a lot more than leftists like to say. All to cover over the fact that Labour aren’t the gods they seem to think they are. Else they’d still be in power.