Thursday, 16 November 2017

Time to stop using flawed inflation measure for uprating, says RSS

The RSS is stepping up pressure on government to change the way in which it decides on certain price rises every year.

A letter (PDF) has been sent to the Chancellor of the Exchequer Philip Hammond, ahead of next week’s budget, expressing our concern over the use of the Retail Prices Index (RPI) to set some price rises but the use of the Consumer Prices Index (CPI) to uprate state pensions and benefits.



from StatsLife - all the latest statistics news https://www.statslife.org.uk/news/3650-time-to-stop-using-flawed-inflation-measure-for-uprating-says-rss
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source https://independentmediaagencies.tumblr.com/post/167554539739

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