The Economic Affairs Committee will hear evidence from the Dr Ben Broadbent, Deputy Governor (Monetary Policy) of the Bank of England on the use of the retail price index (RPI) as a measure of inflation. This evidence session is the latest in the Committee’s inquiry into the use of RPI.
Tuesday 9 October in Committee Room 1, Palace of Westminster
- Dr Ben Broadbent, Deputy Governor (Monetary Policy) of the Bank of England
- Is the consumer price index (CPI) a good measure of general household inflation?
- The Governor of the Bank of England told the Committee in January that the way housing costs were implemented in the RPI was a known error with the index. Why is this the case?
- Does the Bank of England accept that different price indices are required for macroeconomic purposes and cost of living purposes?
- Which of the household cost indices being developed is the best solution for a cost of living index?
- What is the role of the Bank of England in determining whether a change to RPI would be materially detrimental to the interests of gilt holders and the factors which the Bank would take into account?
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