Inflation and Social Security Benefits

(asked on 28th January 2019) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for what reasons (a) his Department uses different indices to measure inflation and (b) benefit increases are pegged to the lower index.


Answered by
John Glen Portrait
John Glen
Paymaster General and Minister for the Cabinet Office
This question was answered on 31st January 2019

The government currently makes use of both the Consumer Prices Index (CPI) and the Retail Prices Index (RPI). We recognise that there are issues in the way that RPI is measured and, as set out at Autumn Budget 2018, the government’s objective is to reduce the use of RPI when and where practicable.

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