RPI

The Office for National Statistics (ONS) has decided to retain the way the retail prices index(RPI) is calculated after a consultation with the industry.

The retail prices index should not be brought in line with consumer prices index, AXA Investment Managers has argued, ahead of a decision by the Office for National Statistics later this week.

People's savings are being hit by high inflation and low interest rates, MoneyVista has revealed.

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.

Proposals on changes to the calculation of the retail prices index (RPI) may harm pension funds, savers and investors, experts have claimed.

Some British pensioners, as well as investors in index-linked gilts, face lower returns if proposals to align the retail prices index (RPI) measure of inflation with the consumer prices index (CPI) are approved.

Fiona Murphy asks IFAs how government austerity measures have affected clients' retirement planning.

Switching the indexation of public sector pension benefits from RPI to CPI in March 2011 saved the government £126bn, a report says.

The UK's inflation rate posted another surprise drop in May, falling to 2.8%, as the lack of activity in the UK continues to bring prices down sharply.

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