Unite reaction to the latest inflation figures
Wednesday, 19 October 2011
11:42 AM
The Consumer Prices Index (CPI) has risen from 4.5% to 5.2%, which equals the record high reached in September 2008 and the Retail Prices Index (RPI) rate of inflation has risen from 5.2% to 5.6% in September, which is the highest rate in 20 years.
Unite general secretary, Len McCluskey said:
"Inflation is soaring, unemployment is out of control and there are no signs of growth. The coalition government is piling misery upon misery for ordinary families. Now more that ever Britain needs a plan B from this government.
"David Cameron and George Osborne's political cowardice means they are presiding over an economic catastrophe. Their refusal to change course is a political decision, not an economic one. "
ENDS
Contact: Ciaran Naidoo on 07768 931 315
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UK unemployment continues to increase as new figures show inflation figures remain well above target.
Wages have failed to keep pace with the rising cost of living, figures suggest.
The rate of inflation measured by the Consumer Price Index (CPI) has remained steady at 3.1%.
Inflation has continued to rise above the government's target and is now at its highest level for nine months.
Government austerity measures may not stem rising inflation, retailers have warned.
The government's employment record is the "best in history", Gordon Brown told MPs today.
The cost of living has risen by three per cent, the highest level since records began ten years ago, figures from the Office for National Statistics (ONS) show.
Official statistics out today showed the inflation has risen, against widespread predictions of deflation.
Inflation jumped above expectations to 5.2% in September, official figures show.
Chris Williamson, Markit's chief economist, responds to news of higher than expected inflation:
