Sentences with phrase «retail price index»

But the increase is significantly less than would have been the case had the government not changed its plan to increase regulated rail fares by retail price index inflation plus three per cent.

These include an increase in the retirement age for public sector workers to 66 and an indexing switch from retail price index inflation to the lower consumer price index inflation.

The recent NHS pay review body report estimated that by 2019 nurse pay will be 20 % lower in real terms than in 2010 when inflation is measured using Retail Price Index (RPI) and 12 % lower on the Consumer Price Index (CPI).

From 2011 - with the exception of state pensions and pension credits - benefits, tax credits and public service pensions will rise in line with the consumer price index (CPI) rather than the generally higher retail price index (RPI).

The Campaign for Better Transport said the electrification projects would cut carbon and running costs, but said it was disappointed that ministers had committed to permitting ticket prices to increase by retail price index inflation plus a further three per cent.

The chancellor has rejected calls for the government to soon stop using the discredited retail prices index of inflation.

Students and high - earning graduates set to face 6.3 per cent interest following March's retail price index figures

As this is below the 4.1 per cent retail price index the NUT argues its members are receiving a real - term pay cut.

Pension schemes can not switch retail prices index (RPI) increases for consumer prices index (CPI), the Court of Appeal has held.

An extra 3.6 % in the sack The annual retail prices index uplift in employment tribunal compensation limits means 3.6 % more when the chop date is after 31 January 2007.

The guidelines have been increased to «recognise» the general retail prices index (RPI) rise of 3.4 % since the 12th edition.

The report, which will be welcomed by the government as proof it is offering public sector workers a fair deal in difficult economic times, highlights the change from retail price index to consumer price index inflation as the most substantial change for public sector workers.

One option proposed in a new Government Green Paper would see firms linking annual rises to the consumer price index measure of inflation, rather than the higher retail price index

Philip Hammond agreed... The chancellor has rejected calls for the government to soon stop using the discredited retail prices index of inflation.

Public sector pension contributions are being increased, the eligibility age is rising to 66 and their indexation has been switched from consumer price index to retail price index inflation.

A swap denominated in British pounds would typically be based on Great Britain's Retail Price Index (RPI).

The Retail Price Index (RPI) also beat with 1.6 % y / y instead of 1.4 % expected.

The Bank of England has switched to targeting the harmonised Consumer Prices Index (CPI), and the inflation target was reduced from 2 1/2 to 2 per cent to account for the difference between the old (retail price index) and new measures.

We are challenging the Secretary of State for Work and Pensions» decision to change the basis on which certain public sector pension benefits, including teachers» pensions, are up - rated from the Retail Prices Index (RPI) to the Consumer Prices Index (CPI).

The switching of the indexing of pensions from retail price index (RPI) inflation to consumer price index (CPI) inflation — the lesser of the two — has already been introduced.

The previous government toyed with the idea of connecting state pensions to earnings but action had not been forthcoming, leaving the state pension going up by 2.5 % or the retail price index, which commonly lags behind average earnings.

A judicial review hearing starts in the High Court on Tuesday (25) to challenge the switch to using the consumer price index (CPI) instead of the traditionally - higher retail price index (RPI) for the annual increase in public sector pensions.

Villiers says that she «understands public concerns about rail fares», yet nowhere in her interview does she suggest there will be any relief from the planned two years of fare increases at three points above the retail price index.

Today's figures showed the Retail Prices Index (RPI), which includes housing costs, also eased back last month, to 2.6 % from 2.9 % in August.

The NASUWT has today received formal notification from the High Court of the hearing date for its application for judicial review of the Coalition Government's decision to change the index - linking of public service workers» pensions, including teachers» pensions, from the Retail Price Index (RPI) to Consumer Price Index (CPI).

The Consumer Prices Index (CPI) rate of inflation remained at 4.5 per cent last month and the Retail Price Index (RPI) remained at 5.2 per cent.

Despite the promise of the Coalition Government to protect accrued pension rights, regardless of the outcome of the current Review of public sector pensions, millions of public sector workers are now facing a retirement beset by worry and financial uncertainty following the Coalition Government's decision to switch pension calculations from the Retail Price Index (RPI) to the Consumer Price Index (CPI).

Whether measured by RPI (the Retail Prices Index) or CPI (the Consumer Prices Index) the cost of «stuff» goes up.

The retail price index has been negative for most of this year, the chancellor continues.

This will be based on earnings or to come in line with the Retail Price Index measure of inflation.

Fares regulated by the government will rise by an average of 4.8 per cent, due to Department of Transport (DfT) rules allowing train companies to hike fares by one per cent above the retail price index.

Presently, business rates are determined by the Retail Price Index (RPI), which is calculated in September based on a one - off measure of inflation, to determine bills for April next year.

Child benefit frozen for three years Benefits, tax credits and public sector pensions rise by consumer prices index rather than retail price index (which rises faster)

Retail price index (RPI) inflation rose by 0.4 % to 3.2 % in July, surprising analysts who expected it would fall slightly.

Retail price index (RPI) inflation has reached 5.5 %, its highest level for 20 years, while consumer price index inflation jumped from four per cent to 4.4 %.

The union points to the retail price index, which includes rent and mortgages and records inflation at four per cent.

The decision to switch the indexing of public sector pensions from retail price index to consumer price index, implemented in April, has already prompted major disquiet, however.

Retail price index (RPI) inflation rose by five per cent in the year to July, figures from the Office for National Statistics released this morning showed.

The retail prices index (RPI) rose by 5.3 %, nearly a whole percentage point up from March.

Meanwhile the headline rate of the retail Price Index (RPI) inflation rose from -0.8 per cent in October, after hovering at -1.4 per cent the month before.

The retail price index, which includes mortgage interest repayments, has remained static at 4.1 per cent.

Office of National Statistics (ONS) figures show the consumer price index (CPI) and retail price index (RPI) fell from March to April this year, but TUC general secretary Frances O'Grady said prices had nevertheless risen three times faster than wages.

The retail prices index measure is forecast to have fallen to 2.5 % in March from 2.7 % in February, according to a Reuters poll.

3.10 pm: A male delegate asks why the coalition has decided to increase pensions in line with the consumer price index (CPI), not the retail price index (RPI).

In freezing the fuel duty freeze, Osborne will be repeating his autumn statement from last year, raising calls by some for the total scrapping of the fuel duty escalator under which tax is supposed to increase by the retail price index (RPI) every April until 2014.

However in July 2010, as the Coalition Minister for Works and Pensions, Webb announced plans to link private sector pension payments to the Consumer Prices Index (CPI) instead of the Retail Prices Index (RPI), which would reduce the value of fully accrued index - linked pensions.

The projection for the retail price index is nearly one full percentage point higher.

Next year's ticket prices are calculated on another inflation indicator - the retail prices index (RPI).