11th November 2012, 10:23 AM
The Consumer Prices Index (CPI) annual inflation stands at 2.2 per cent in September 2012, down from 2.5 per cent in August. This is the slowest rate of inflation since November 2009, when it was 1.9 per cent. The majority of the downward pressure to the change in the CPI came from the housing & household services sector with September 2011?s utility bill rises falling out of the index calculation. There were significant upward pressures from the transport (predominantly motor fuels), recreation & culture and miscellaneous goods & services sectors. The CPI stands at 123.5 in September 2012 based on 2005=100
The Retail Prices Index (RPI) annual inflation stands at 2.6 per cent in September 2012, down from 2.9 per cent in August. As with the CPI, by far the largest downward pressure to the change in the RPI came as a result of September 2011?s utility bill rises falling out of the index calculation. The majority of the upward pressure to the index came from an increase in the price of motor fuels. The RPI stands at 244.2 in September 2012 based on January 1987 = 100
Which is the IFA using? Either way a pay increase of 2.5% would only preserve the status-quo. Anything less is a pay cut. so even 3% would only be an improvement of 0.5% on archaeological pay. I would be happy to see a CPI increase for AIFA and MIFA if it meant the IFA would make a SUBSTANTIAL increase to the PIFA rate of pay. After all, we will only can only move at the pace set by the slowest amongst us (Old military term).:face-thinks:
The Retail Prices Index (RPI) annual inflation stands at 2.6 per cent in September 2012, down from 2.9 per cent in August. As with the CPI, by far the largest downward pressure to the change in the RPI came as a result of September 2011?s utility bill rises falling out of the index calculation. The majority of the upward pressure to the index came from an increase in the price of motor fuels. The RPI stands at 244.2 in September 2012 based on January 1987 = 100
Which is the IFA using? Either way a pay increase of 2.5% would only preserve the status-quo. Anything less is a pay cut. so even 3% would only be an improvement of 0.5% on archaeological pay. I would be happy to see a CPI increase for AIFA and MIFA if it meant the IFA would make a SUBSTANTIAL increase to the PIFA rate of pay. After all, we will only can only move at the pace set by the slowest amongst us (Old military term).:face-thinks: