CPI

A recap of the biggest news in the pensions world over the last six weeks.

Two members of the Bank of England's Monetary Policy Committee voted for a 25bps rate hike this month, latest minutes show - the first call for hikes in over three years.

Consumer price inflation tumbled to 1.6% in July 2014, down from 1.9% in June 2014, the Office for National Statistics (ONS) reveals.

A new measure of inflation developed by the Office of National Statistics has had its official status downgraded a little over a year after it was first proposed.

Yesterday's ruling that two schemes sponsored by Arcadia can switch to consumer prices index (CPI) linking will make it harder for other trustees to resist such a change, warns a lawyer.

A High Court judge has upheld the right of schemes to use the consumer prices index (CPI) as the inflation measure for increasing deferred pensions and pensions in payment.

Average IAS19 discount rates used by FTSE100 companies to calculate pensions deficits have risen for the first time in five years.

UK Consumer Prices Index (CPI) inflation fell in the year to May, after the previous month saw its first climb in 10 months.

The UK's headline inflation rate dropped to 1.7% in February, its lowest level since late 2009.

Bank of England (BoE) governor Mark Carney has warned the 2% target for inflation has become a "dangerous distraction" for the UK's policymakers.