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Greg Pope · 14-10-2008, 19:38

I'm no expert but I think the facts are these: the Consumer Price Index (CPI) has risen to 5.2% and the Retail Price Index (RPI) has risen to 5.0%. Benefits and state pension increases for April 2009 are based on the September 2008 RPI figure and so will rise by 5.0% next year.

Willow said that MPs will be able to vote themselves a higher than inflation pay rise to cover themselves. I haven't got the exact figure to hand but I think that this year MPs voted themselves a 1.9% rise in line with other public sector workers, the 7th year in a row that the rise has been lower than inflation.

14-10-2008, 19:38	#16
Greg Pope Member Join Date: Mar 2006 Posts: 65 Liked: 0 times Rep Power: 0	Re: Inflation at 5.5% I'm no expert but I think the facts are these: the Consumer Price Index (CPI) has risen to 5.2% and the Retail Price Index (RPI) has risen to 5.0%. Benefits and state pension increases for April 2009 are based on the September 2008 RPI figure and so will rise by 5.0% next year. Willow said that MPs will be able to vote themselves a higher than inflation pay rise to cover themselves. I haven't got the exact figure to hand but I think that this year MPs voted themselves a 1.9% rise in line with other public sector workers, the 7th year in a row that the rise has been lower than inflation.