LATEST Inflation Employment and Average Earnings and GMB Contribution Rates
Here are the latest inflation and labour market figures for JANUARY 2017 based on the Government Press Release on Consumer Prices Index and Regional Labour Market figures
Here are the latest inflation and labour market figures for JANUARY 2017 based on the Government Press Release on Consumer Prices Index and Regional Labour Market figures
Retail Prices Index (RPI) & Consumer Prices Index (CPI) figures represent % change over 12 months
Consumer Prices Index (CPI) 1.8 % (+ 0.2% from last month) This is the highest since June 2014
Headline Inflation Rate (RPI All items) 2.6 % (+0.1% from last month)
Underlying Inflation Rate (RPIX excl mortgages) 2.9 % (+0.2% from last month)
NOTE: From next month, CPIH is to become the preferred Government measure The Government is to make CPIH its main measure of inflation in its next data release, on 21 March 2017. The CPI excludes housing costs, however, and as a result the ONS has been developing the CPIH, which includes a measure of housing costs based on rental equivalents. The CPIH uses the rent paid for equivalent housing as a proxy for the costs faced by owner occupiers. (This may impact any pay negotiations or pension schemes that specifically refer to CPI)
See attached <KEY FIGURES> file for current National Minimum/Living Wage Rates and the current GMB Contribution Rates as agreed by GMB Congress 2016
(See attached file: <Latest Inflation February 2017>)
These documents contain information that would be useful for pay negotiations
Consumer Prices Index (CPI) 1.8 % (+ 0.2% from last month) This is the highest since June 2014
Headline Inflation Rate (RPI All items) 2.6 % (+0.1% from last month)
Underlying Inflation Rate (RPIX excl mortgages) 2.9 % (+0.2% from last month)
NOTE: From next month, CPIH is to become the preferred Government measure The Government is to make CPIH its main measure of inflation in its next data release, on 21 March 2017. The CPI excludes housing costs, however, and as a result the ONS has been developing the CPIH, which includes a measure of housing costs based on rental equivalents. The CPIH uses the rent paid for equivalent housing as a proxy for the costs faced by owner occupiers. (This may impact any pay negotiations or pension schemes that specifically refer to CPI)
See attached <KEY FIGURES> file for current National Minimum/Living Wage Rates and the current GMB Contribution Rates as agreed by GMB Congress 2016
(See attached file: <Latest Inflation February 2017>)
These documents contain information that would be useful for pay negotiations
| key_figures_february_2017.pdf |
| latest_inflation_february_2017.pdf |
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