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.
Left Foot Forward doesn't have the backing of big business or billionaires. We rely on the kind and generous support of ordinary people like you.
You can support hard-hitting journalism that holds the right to account, provides a forum for debate among progressives, and covers the stories the rest of the media ignore. Donate today.
49 Responses to “Pay rises outstripped by inflation”
Mick
Newsbot’s the best medicine, due to the laughter and joy he brings.
Newsbot9
Yes, no surprise that you’re against conventional medicine either.
Mick
EDIT: The mods have been at us again, cutting my replies to Newsbot’s bitching right down again. Looks like he’s had the last word again but readers can see what he’s like.
Mick
EDIT: The mods have been at us again, cutting my replies to Newsbot’s bitching right down again. Looks like he’s had the last word again but readers can see what he’s like.
Mick
EDIT: The mods have been at us again, cutting my replies to Newsbot’s bitching right down again. Looks like he’s had the last word again but readers can see what he’s like.