Retail Price Index: Inflation
The question
To ask the Secretary of State for Education, what assessment she has made of the potential consequences for her policies of the Office for National Statistics' assessment of RPI as a measure of inflation.
Answered by Josh MacAlister
The Office for National Statistics has undertaken a substantial programme of work over the past two years to enhance how inflation is measured and this will be carried over into student loans. The Office for Budget Responsibility has confirmed that from 2030, at the earliest, movements in RPI will be aligned with CPIH as viewed here: https://obr.uk/box/the-long-run-difference-between-rpi-and-cpi-inflation/.
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