Consultation on the Reform to Retail Prices Index (RPI) Methodology

The UK Statistics Authority (the Authority) and HM Treasury have launched a consultation on the Authority’s proposal to address the shortcomings of the Retail Prices Index (RPI) measure of inflation.

HM Treasury is consulting on the appropriate timing for the proposed changes to the RPI to take place. The Authority is consulting on how to make its proposed methodological changes to the RPI in a way that follows best statistical practice.

This consultation closes at

11:59pm on 21 August 2020

This consultation seeks views from across the UK. The Authority and HM Treasury will respond to the consultation before the Parliamentary summer recess.

How to respond:

We encourage you to respond on the e-Consultation platform.

However, responses in writing or via email will also be accepted. Should you wish to submit your main response via the e-Consultation platform and any supporting information via hard copy or email, please be clear that this is part of the same consultation response.

To respond or get in touch, please visit the consultation page on Citizen Space.

Covid-19 Update

On 16 April 2020 the UK Statistics Authority and HM Treasury announced that they would be extending the time period for this consultation to 21 August 2020, in light of the Covid-19 pandemic. The Authority will resume proactive engagement, including events, as circumstances allow. A response to the consultation will now be published in Autumn 2020. An exchange of letters between the Chancellor of the Exchequer and Sir David Norgrove, Chair of the UK Statistics Authority on this matter is available here.

 

Further Information:

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