MPs press Treasury to abandon 'absurd' inflation measures

Money The Guardian

Ministers urged to ditch RPI, which it is claimed penalises students and rail passengers What are the different measures of inflation, and are we being conned? The government is coming under intense pressure to either abandon or fix the “grossly unfair” retail prices index inflation measure, which MPs say is penalising students and rail passengers . In a rare combined letter from parliamentarians in the House of Commons and the House of Lords, RPI was described as “absurd” and its continued use was labelled “a ridiculous merry-go-round”. Continue reading... …

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