Printer Friendly

RPI is key on pay.

Union and company pay negotiators were ignoring Government efforts to use the new measure of inflation during wage talks, according to a report out yesterday.

The Consumer Price Index (CPI), which excludes housing costs, was being sidelined in favour of the Retail Price Index (RPI), according to pay analysts Incomes Data Services.

Governments have tried for the past 20 years to steer negotiators away from the RPI, but union officials and managers have argued that mortgage and other housing costs were a key feature of the cost of living, said the report.

The CPI was running at 1.2pc in October compared with headline RPI of 3.3pc.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:The Journal (Newcastle, England)
Date:Nov 24, 2004
Previous Article:Getting ahead in beauty industry.
Next Article:Licence to thrill ( or kill off trade?

Related Articles
Time of year to focus on dog that didn't bark; in association with RBS.
LIVERPOOL DAILY POST: Prices down in the doldrums.
Rate of inflation drops to 3%.
Rate of inflation drops to 3%.
Deflation risk sparked by price falls.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters