New Inflation rates for year to March 2020
The Office for National Statistics (ONS) have published inflation rates for the year to March 2020. The Retail Prices Index (RPI) has increased to 2.6%, which is 0.1% up on the year to February 2020. The alternative measures of CPI and CPIH were 1.5% (down 0.2%) and 1.5% (down 0.2%) respectively.
Your union’s policy is to use the RPI rate for all pay negotiations. Should an employer attempt to use alternative inflation measures during pay talks, please inform the National Policy department as soon as possible.