Chancellor extends RPI consultation to August

Chancellor Rishi Sunak has extended the consultation on scrapping the RPI inflation measure by four months to August.

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CPI inflation rate falls by 0.1% to 1.7%

The Consumer Prices Index (CPI) 12-month rate fell from 1.8% in January to 1.7% in February.

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RPI axe could be ‘seismic’ for pension schemes

Pension consultancy Barnett Waddingham has warned that the potential axing of the RPI inflation measure by the government could have ‘seismic’ implications for pension schemes.

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Surprise jump in CPI inflation from 1.3% to 1.8%

CPI inflation unexpectedly jumped from 1.3% in December to 1.8% in January, ONS reported today.

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