Government must commit to one indexation measure, says Lords committee
The UK Statistics Authority's (UKSA) "refusal" to fix a long-standing error in the retail prices index (RPI) is "untenable" and demonstrates a need to commit to one measure of inflation.
An error made in 2010 in how the UKSA collects price data for clothing has led to RPI being 0.3 percentage points higher than it should be, the House of Lords' Economic Affairs Committee has concluded,...
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