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Falling inflation welcome but only tells half the story of Britain’s living standards squeeze

Commenting on the latest inflation figures published yesterday (Tuesday) by the Office for National Statistics, TUC General Secretary Frances O’Grady said:

“The latest fall in inflation is very welcome but only tells half the story of Britain’s living standards squeeze.

“Hard-pressed working people need far stronger pay rises before they can really feel the benefit of falling inflation. As it stands, wages are still trailing behind the rising cost of living.”

NOTES TO EDITORS:

- The latest inflation figures are available at www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/january-2014/stb---consumer-price-indices---january-2014.html

- The TUC is organising Fair Pay Fortnight from Monday 24 March to Sunday 6 April. It will be a series of events across England and Wales to raise awareness about falling living standards. www.fairpayfortnight.org

- All TUC press releases can be found at www.tuc.org.uk

- Follow the TUC on Twitter: @tucnews

Contacts:

Media enquiries:
Rob Holdsworth    T: 020 7467 1372    M: 07717 531150     E: 
rholdsworth@tuc.org.uk
Elly Gibson   T: 020 7467 1337    M: 07900 910624     E: egibson@tuc.org.uk

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