Retail Price Index and the Railways

There are two measures of inflation in the United Kingdom. The usual and well known measure is the Retail Prices Index. This measure is used when government collects money from people in one form or another and is a higher measure of inflation than the Consumer Prices Index, which is the measure that the government uses to pay taxpayer’s money for things like pensions and benefits. As often happens with governments, there is one rule for them and a different rule for everyone else. Continue reading