UK inflation reform date to be set in November
RPI switch could happen as early as 2025 to reduce government payouts on gilt linkers, experts suggest
UK inflation traders will find out later this month exactly when planned changes to a leading inflation measure will take effect, after the UK chancellor confirmed he will respond to a consultation on reforming the retail prices index (RPI) at a November 25 spending review.
RPI, which underpins £450 billion ($600 billion) nominal of inflation-linked gilts, is due to be realigned to CPI-H – a housing-inclusive variant of the more robust consumer prices index. Initially expected in 2030, an early
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