New Inflation rates for year to October 2020

November 19, 2020
New Inflation rates for year to October 2020
The Office for National Statistics (ONS) have published inflation rates for the year to October 2020. The Retail Prices Index (RPI) has risen to 1.3%, which is 0.2% up on the year to September 2020. The alternative measures of CPI and CPIH were 0.7% (up 0.2%) and 0.9% (up 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.
I would be grateful if you could bring the content of this circular to the attention of all members in your Branch.

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