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MNI BRIEF: ​BOE Sees No Material Difference In RPI Method: ONS

(MNI) LONDON
LONDON (MNI)

Given restrictions in place due to parts of the country being in tier 3 and later tier 4 restrictions, the ONS said the number of price quotes usually collected in store used in constructing the December 2020 indices was 74.7% of the number of price quotes collected in February 2020 (excluding unavailable items).

Despite the changes to methodology and collection due to virus restriction, the ONS said correspondence with the Bank of England determined that none of the temporary changes outlined "were both fundamental changes to the coverage or basic calculation of the RPI, and also materially detrimental to the holders of relevant index-linked gilts".

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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