New Inflation rates for year to October 2022

November 16, 2022

To all Branches and Regional Councils

 

16th November 2022

 

Dear Colleagues

 

New Inflation rates for year to October 2022

 

The Office for National Statistics (ONS) has published1 inflation rates for the year to October 2022. The Retail Prices Index (RPI) increased to 14.2%, a 1.6% increase from 12.6% for the year to September 2022.

 

The alternative measures of CPI and CPIH increased to 11.1% (up 1% from September) and 9.6% (up 0.8% from August) respectively.

 

Your union’s policy is to use the RPI rate in 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.

 

Yours sincerely

 

Michael Lynch

General Secretary

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