Forum for former BBC staff

Forum for former BBC staff
http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl >> Pensions >> RPI to CPI http://www.ex-bbc.net/cgi-bin/yabb/YaBB.pl?num=1543936090 Message started by John on Dec 4^th, 2018, 3:09pm

Title: RPI to CPI
Post by John on Dec 4^th, 2018, 3:09pm

I wonder if this might eventually affect BBC pensioners?
www.theregister.co.uk/2018/12/04/bt_pension_scheme_court_appeal_judgment/

Title: Re: RPI to CPI
Post by chris west on Dec 4^th, 2018, 5:00pm

I like the sound of that.......

Title: Re: RPI to CPI
Post by JonW on Sep 4^th, 2019, 8:53am

I heard on Radio 4 today that a House of Lords committee has determined that there should be a new measure of inflation that should be implemented within the next five years.

The purpose is to abolish the ' confusion ' between RPI and CPI and have just one statistic which will more accurately reflect ' real ' inflation.

What's the betting that it will be lower than RPI and pension funds will have been given a way to dump this higher rate as RPI will no longer exist ?

Title: Re: RPI to CPI
Post by Dickie Mint on Sep 4^th, 2019, 6:40pm

I would agree with them that the indices need reviewing! A read through of this government explanation of what's in and out would make a good comedy script if it wasn't real!

Apart from adding stuff like Popcorn, both bought in Cinemas and shops and smart speakers like Alexa, and similar non-essential items, ease of collecting data on price changes seems important!

Title: Re: RPI to CPI
Post by Dickie Mint on Sep 4^th, 2019, 8:36pm

JonW wrote on Sep 4^th, 2019, 8:53am:

I heard on Radio 4 today that a House of Lords committee has determined that there should be a new measure of inflation that should be implemented within the next five years.

Found the report! Linky

And who wrote this UK Yahoo finance news report?!

Quote "RPI’s flawed calculations of inflation have been generally higher than under the more respected consumer price index (CPI) measure since 2005."

"more respected ..CPI" Really?