06 January 2013

Cooking the books?

Well, there's a surprise.  The Independent reports:

Pension savers face a serious blow to their retirement prospects with confirmation this week on changes in how the retail price index (RPI) is calculated.
The Office for National Statistics' reform of the RPI is expected to lead to rates of the key inflation benchmark coming into line with the traditionally lower consumer price index (CPI).

Is it not passing strange that reforms of the methods of calculating inflation always seem to have the effect of reducing inflation?


No comments: