Altmann: RPI change politically motivated

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Saga director general Ros Altmann has said the maths behind the Retail Prices Index (PRI) is not wrong and the Office for National Statistics' (ONS) proposal to change it is solely about the government reducing costs.

Speaking on Radio 4's Money Box, Altmann (pictured) said that although there is no firm evidence that the national statistician has been pressured by the government, "it was plainly obvious given the circumstances and the politics of all this". "It is very difficult to interpret the recent announcement in any way other than the desire to reduce the amount of inflation that is reported," she added. Aon Hewitt partner Lynda Whitney, also on the programme, rejected Altmann's claims and said this was a "genuine development where statisticians are trying to improve the index". She added...

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