Liabilities set to fall as ONS rejigs RPI inflation formula

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Schemes with liabilities linked to the retail prices index are set to get a multi-million pound boost next year after researchers said they would change the way they calculate inflation to make RPI figures lower.

The Consumer Prices Advisory Committee, which advises the Office for National Statistics, has recommended a change in the collection of data for the RPI to remove “unjustified causes” in the differ...

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