HICP for Treasury - papers 18 August

CITY ECONOMISTS AND MPs are calling on the government to delay introducing its new measure of inflation because of the timing of the event and the impact it could have on the UK economy, The Times writes. The switch to using harmonised index of consumer prices instead of a retail price index as the benchmark for measuring inflation threatens to develop into a serious row between the Bank of England and the Treasury. Bank governor Mervyn King last week warned that the institution did not agree with a way of measuring inflation that does not take into account housing costs. ...