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Forum for former BBC staff › › Pensions › RPI to CPI

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RPI to CPI (Read 6217 times)

John Junior Member Offline I Love YaBB 2! Posts: 78	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 Junior Member Offline Posts: 93 Spain	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!

Regards,
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?

Regards,
Richard

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