Updated: RPI reform – time to face the change

In a welcome move, the Government has announced an extension to the joint Government and UK Statistics Authority (UKSA) Consultation on the Reform to Retail Prices Index Methodology until 21 August 2020 to allow for meaningful consultation given the impact of Covid-19.

The consultation gives market participants the opportunity to respond to the UKSA’s proposal to align the Retail Prices Index with CPIH, the Consumer Prices Index including owner occupiers’ housing costs. In particular, comment is sought on the timing, between 2025 and 2030, of implementation and the statistical methodology of the proposal, as well as views on its broader impact.

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