Written Question·Treasury·UIN 268
Pay and Pensions
Tabled: 17 July 2024
Answered: 24 July 2024
Question
Laurence Turner
Labour — Birmingham Northfield
To ask the Chancellor of the Exchequer, if she will make an assessment of the potential impact of the proposed alignment of the Retail Prices Index methodology with the Consumer Prices Index, including owner occupier housing costs from February 2030 on (a
Answer
Tulip SiddiqThe alignment of the methods and data sources of the Consumer Prices Index including owner occupiers’ housing costs into the Retail Price Index (RPI) reflects the flaws in RPI which can either overstate or understates price changes. The Bank of England wi...
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