A consultation on the Reform to Retail Prices Index (RPI) Methodology
At Budget on 11 March, the government and UK Statistics Authority (UKSA) launched a consultation on UKSA’s proposal to address the shortcomings of the Retail Prices Index. The consultation closed for responses on 21 August.
- Open Consultation A letter from Rishi Sunak to Sir David Norgrove (23 October 2020)
- Open Consultation A letter from Sir David Norgrove to Andrew Bailey (5 November 2020)
- Open Consultation A letter from Ben Broadbent to Sir David Norgrove (13 November 2020)
- Open Consultation A letter from Sir David Norgrove to Rishi Sunak (20 November 2020)
The consultation covers, among other things, the issue of timing, including whether UKSA’s proposal might be implemented at a date other than 2030 and, if so, when between 2025 and 2030, and issues on technical matters concerning the implementation of the proposal.
The consultation was launched at Budget on 11 March. It was scheduled to close on 22 April, however, owing to the coronavirus (COVID-19) pandemic, the consultation period was extended until 21 August.
On 9 November, the government and UKSA announced that they will publish their response to the consultation alongside the Spending Review on 25 November. The government and the UKSA has responded the consultation.