Citywire printed articles sponsored by:
View the article online at http://citywire.co.uk/wealth-manager/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:
Subscribe to Wealth Manager to get the inside track on your rivals' moves
Keep up to date with how your peers are allocating their clients' assets by subscribing to Wealth Manager magazine.
Today's top headlines
More about this:
Aberdeen Live supplement: Fundamentals point to ongoing flows and solid returns from EMD
After a record year for inflows and market-leading performance in 2012, emerging market debt has taken a large step towards the mainstream. Our recent debate covers the outlook for the asset class this year and where opportunities can be found.
On the road
by Danielle Levy on May 23, 2013 at 07:20