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ONS: No change to RPI calculation

by Alex Steger on Jan 10, 2013 at 08:23

ONS: No change to RPI calculation

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.’

5 comments so far. Why not have your say?

Man of Kent

Jan 10, 2013 at 09:21

"The RPI will continue to be used for the uprating of private sector pensions..."

Really?

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Matt Trott

Jan 10, 2013 at 09:42

A common sense decision. Well done ONS.

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Usually found sitting on the fence

Jan 10, 2013 at 09:51

I was under the impression that CPI was more commonly used...

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Alex Steger @ Citywire

Jan 10, 2013 at 10:05

@ Man of Kent

@Usually found sitting on the fence

Apologies, should have said CPI, line removed.

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John Whipple

Jan 10, 2013 at 17:02

Just watch that name Jil Matheson - she will be on her way for family / personal, reasons in just a few months best outcome.

Then this will revisited and then RIP RPI.

.

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