The GWU has called for urgent economic measures to ease the impact of galloping inflation on the workers.

It said that a meeting of the Retail Price Index Board this morning showed that inflation in March reached almost 4 percent, with the steepest price increases being in food products, particularly fish. This inflation rate did not include the recent fuel price hikes.

The union said it was seriously concerned at the way inflation was continuing to rise and how it was eroding workers’ purchasing power. It was therefore closely monitoring price movements following the end of price stability agreements with importers as well as the international price of oil, especially since the power surcharge is set for revision in June.

The current situation underlined the urgent need for effective economic measures to be taken to ease the impact of inflation on the workers and on industrial competitiveness, the union said.