A number of RSS members have been in the news recently, explaining why the Society supports introducing a new way to measuring inflation, after it was announced how much train fares are to increase next year.
RSS representatives have written on the subject in The Times, Telegraph, Economist and City AM, as well as appearing on BBC’s Newsnight, after news of the rail fare increase sparked renewed discussion of how inflation is measured. Many consumers expressed outrage that rail fares are linked to the Retail Prices Index (RPI), an inflation measure that is nearly always higher than the Consumer Prices Index (CPI), the target inflation measure used by the Bank of England when setting interest rates.
from StatsLife - all the latest statistics news https://www.statslife.org.uk/news/3560-train-fare-price-hike-sparks-discussion-over-inflation-measures
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source https://independentmediaagencies.tumblr.com/post/165258409769
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