RPIX measure offers boost to equities

By Simon Rubinsohn, chief economist at Gerrard The jump in the closely-watched RPIX measure of inflation in January from 1.9%-2.6% has raised a question mark over whether authorities are being complacent in their assessment of future prospects. In the latest Inflation Report produced by the Bank of England, the base case profile for this key measure of inflation is shown to be below the 2.5% target until towards the end of the two-year forecast horizon. This analysis was admittedly completed before the January figure was known but, in the press conference accompanying its pub...