Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/new-model-adviser/article/a649898
ONS: No change to RPI calculation
by Alex Steger on Jan 10, 2013 at 08:23
There will be no change to the way the retail prices index (RPI) is calculated, the Office for National Statistics (ONS) has decided.
After months of consultation, the ONS decided not to bring the RPI more into line with the slower rising consumer prices index (CPI).
The ONS has though announced that a new additional index of inflation will be created.
The National Statistician, Jil Matheson, told the BBC: ‘There is significant value to users in maintaining the continuity of the existing RPI's long time series without major change, so that it may continue to be used for long-term indexation and for index-linked gilts and bonds.’
News sponsored by:
Today's top headlines
Challenged by growing risk aversion?
Challenging financial markets over recent years have resulted in growing risk aversion among British savers and led many to seek safety in cash. Click here for more.
More about this article:
by Himanshu Singh on Dec 08, 2013 at 05:41