CPI rate drops from 1.5% to 1.3% in December

The CPI rate of inflation fell from 1.5 % in November to 1.3% in December, ONS reported today.

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Consultation on future of RPI to begin on 11 March

Chancellor Sajid Javid has confirmed that consultation on the future of the Retail Prices Index - used to set many annual pension scheme increases - will begin when he presents his Budget on 11 March.

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Inflation steady at 1.5% despite fall expected

The Consumer Prices Index (CPI) remained at 1.5% in November - a three year low - despite some experts predicting a fall to 1.4%.

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RPI measure could be killed off - but not yet

Chancellor Sajid Javid has rejected a call to kill off in the near future the Retail Prices Index (RPI) measure of inflation – a figure used for the indexation of many pensions and financial products.

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