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Faced with a stubbornly high inflation rate (RPI), the U.K. government was doing what...

Faced with a stubbornly high inflation rate (RPI), the U.K. government was doing what came naturally for any government - considering changing the formula for calculating the RPI. Thankfully for owners of inflation-linkers, the ONS has decided against this course, putting the onus for lower inflation back on the central bank, where - no surprise - Mervyn King was a supporter of a changed formula.
Comments (2)
  • davidingeorgia
    , contributor
    Comments (2713) | Send Message
     
    Hey, it works for us! No inflation here. Move along. Nothing to see. Don't pay any attention to what your lying eyes (and lying bank account) tell you that you're paying for stuff.
    10 Jan 2013, 07:37 AM Reply Like
  • Notayesmanseconomics
    , contributor
    Comment (1) | Send Message
     
    Hi

     

    I am one of the few economists who stood firm against this proposed change to the UK RPI and contacted them in writing as well as attending the consultation meeting in London. My opinion of what has taken place can be found here.

     

    http://bit.ly/13kMmIm

     

    And yes it is a good day...
    10 Jan 2013, 08:14 AM Reply Like
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