Socialist Worker

Massive rise in food prices

Issue No. 2215

The latest RPI inflation figure of 4.8 percent, released this week, is a slight dip in the rate—but it is still more than most workers’ pay “rises”.

Clothing, footwear and furniture all fell in price slightly, we are told.

But the figures don’t reflect the reality of runaway inflation in food.

Staple foods rice, grain and pulses such as beans now cost 58 percent more than they did three years ago, one price survey shows.

The cost of tea has boiled over, up 30 percent. Bread and eggs have risen 18 percent.

Meanwhile, the level of the average pay rise has more than halved in the last year, to 1.3 percent. The inflation figure also means that rail fares, which are set at 1 percent above RPI, will rise almost 6 percent.


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News
Tue 17 Aug 2010, 18:05 BST
Issue No. 2215
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