The HR Forum

Inflation on the increase latest figues from ONS - Feb 2017

Posted by Sarah Loates on March 21, 2017 at 8:13pm in HR Policy

Hi all

I thought I would post this especially for those who will be involved with pay negotiations this year, looks like inflation is on the increase.  RPI for February was also up from 2.6% to 3.2% which is what most organisations tend to use as the basis for the start of pay negotiations.

Inflation as measured by the Office for National Statistics' Consumer Prices Index (CPI) jumped to 2.3% in February - up from 1.8% in January. The increase has pushed the rate above the Bank of England's 2% target.

http://www.bbc.co.uk/news/business-39337909

Might be useful for those undertaking their DER and also RMT modules at Level 5.

Kind regards

Sarah

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