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Tuesday 15th January 2013 | 10:23
TUC press release
Commenting on the latest inflation figures published today (Tuesday) by the Office for National Statistics which show that CPI inflation remained at 2.7 per cent, while RPI inflation increased to 3.1 per cent TUC General Secretary Frances O'Grady said:
"Inflation has been outstripping wage rises for three years now, which has already cost the average worker £4,000.
"Unless inflation falls are matched by stronger pay growth, 2013 will be the fourth year in a row that people have suffered real wage cuts. We won't have a sustainable economic recovery without healthier pay rises.
"The hike in energy bills is particularly tough on the poorest households, who spend over a quarter of their income on utility payments.
"But rather than help these families, the government has just voted to make their financial situation even worse by capping rises in vital benefits and tax credits from this April."