Since 1947, the UK Government’s official measure of inflation has been the Retail Price Index (RPI). In recent times however, it has become widely accepted as being unfit for purpose. For this reason, statutory and governmental bodies as well as central government itself has begun to turn its back on RPI in favour of the Consumer Price Index (including owner occupier housing costs). In this article, we look at the ways in which the transition may be implemented as well as the likely implications for landlords and tenants.
