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RPI to CPI (Read 6308 times)
John
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RPI to CPI
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/
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chris west
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Re: RPI to CPI
Reply #1 -
Dec 4
th
, 2018, 5:00pm
I like the sound of that.......
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JonW
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Re: RPI to CPI
Reply #2 -
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 ?
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Dickie Mint
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Re: RPI to CPI
Reply #3 -
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!
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Richard
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Dickie Mint
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Re: RPI to CPI
Reply #4 -
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?
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Regards,
Richard
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