Tuesday, 22 March 2011

Inflation up to 5.5%

The latest inflation figures confirm what most of us know - our living standards are being severely squeezed. RPI inflation is up to 5.5% and even CPI inflation (which isn't a fair reflection of the cost of living) is up to 4.4%.

inflation graph

Holding wages down while prices rise effectively reduces the share workers receive from the wealth they produce.

Whether in the public sector, private sector or the not for profit sector, workers need to unite to oppose the attempt by employers and government to make us pay for a crisis we didn't create. Join the demonstration on Saturday - it is clearly going to be huge.

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