GMB trade union members and representatives, please find the latest wages and inflation report attached, as well as the latest key figures document that includes the updated October 2019 contribution rates as agreed by GMB union Congress.
Headline twelve-month inflation rates in May were:
RPI: 1% (down from 1.5% in April)
CPI: 0.5% (down from 0.8% in April)
Please note that much of our trade union normal bargaining support information dates to before the coronavirus outbreak. While this information will continue to be reported, in many respects it has been overtaken by events. To compensate, the union try to balance these lagging indicators with more recent data where it is available.
As ever, these publications are intended to provide information that is useful in trade union bargaining contexts. If there is additional information that you would like to be included, or if you have any other comments, then please do not hesitate to get in touch.