ONS figures CPI switch will cut 2011 increases by one-third

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Pension increases will fall by almost one-third next year as a result of the switch from RPI to CPI indexation, Towers Watson analysis reveals.

The consultant said figures from the Office for National Statistics, released this morning, showed that CPI inflation in the year to September was 3.1% while RPI inflation was 4.6%. These figure...

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