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RIP RPI

Rumours of the Retail Price Index’s (“RPI”) death have been vastly exaggerated in the past. We were told back in 2013 that the Office for National Statistics was going to stop formally recognising the index as a national statistic, but it took a while for the industry to take note. We have all carried on using it in our indexed linked rent reviews since then.

Now it looks as though the final nail in the coffin will be 2030.

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It has long been recognised that there are issues with the way that RPI reflects the rate of inflation, resulting in times when it overestimates inflation and other occasions when it underestimates it.

Disclaimer

This information is for educational purposes only and does not constitute legal advice. It is recommended that specific professional advice is sought before acting on any of the information given. © Shoosmiths LLP 2022.

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