New Inflation rates for year to December 2019
The Office for National Statistics (ONS) have published inflation rates for the year to December 2019. The Retail Prices Index (RPI) was 2.2%, unchanged on the year from November 2019. The alternative measure of CPI was down from 1.5% to 1.3% while CPIH was down from 1.5% to 1.4%.
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.
I would be grateful if you could bring the content of this circular to the attention of all members in your Branch.