answer text |
<p>On 25 November, the Government and UK Statistics Authority (UKSA) published their
response to the consultation on the timing of reform to the Retail Prices Index (RPI).
Owing to shortcomings in its calculation, UKSA intends to bring the methods and data
sources of the Consumer Prices Index including owner occupiers’ housing costs (CPIH)
into RPI.</p><p> </p><p>The Government and UKSA engaged directly with a number of
users and stakeholders to discuss the consultation. The consultation response document
has been published and is available on the Government and UKSA’s websites, as below:</p><p>-
<a href="https://www.gov.uk/government/consultations/a-consultation-on-the-reform-to-retail-prices-index-rpi-methodology"
target="_blank">https://www.gov.uk/government/consultations/a-consultation-on-the-reform-to-retail-prices-index-rpi-methodology</a></p><p>-
<a href="https://uksa.statisticsauthority.gov.uk/news/response-to-the-joint-consultation-on-reforming-the-methodology-of-the-retail-prices-index/"
target="_blank">https://uksa.statisticsauthority.gov.uk/news/response-to-the-joint-consultation-on-reforming-the-methodology-of-the-retail-prices-index/</a></p><p>
</p><p>Under legislation, how RPI is changed is a matter for UKSA alone. This reflects
the important principle established in the Act that UKSA’s judgement on statistics
should be independent of Government. After expert advice from the National Statistician
and following public consultation, UKSA intends to address the shortcomings in RPI
by bringing in the methods and data sources of CPIH. This intended approach was made
public in September 2019. Following consultation, UKSA confirmed publicly that the
change proposed can legally and practically be made by UKSA in February 2030. It is
the role of UKSA – as set out in legislation - to promote and safeguard official statistics.</p>
|
|