Yet when they faced a loss of values to their salaries in the same way as state pensioners have since Mrs Thatcher broke the indexation with average earnings in 1980, they called on five separate reviews of their salaries which gave all MPs large percentage increases on top of their annual retail price index
The usual measure of underlying inflation - the Retail Price Index
(RPIX) - is predicted to have dipped again last month after June's 0.
The government's Retail Price Index
this week showed prices for all foods rising 3.
From 1998 increases in revenues derived from traffic charges (making up around 30% of total) have been restricted to the retail price index
(RPI) minus 3% -- as opposed to RPI-1% in 1996 and 1997.
He said time was running out to reverse the switch to using the consumer price index (CPI) instead of the, normally faster-rising, retail price index
The increases, based on last November's Retail Price Index
inflation figure, means bills will go up by at least 5.
Jim Singer, 59, who works for the Department for Work and Pensions in Scotland, launched the petition on a government website to criticise the change in upgrading pensions in the private and public sectors from the Retail Price Index
(RPI) to the usuallylower Consumer Price Index.
They want judges to declare the switch to the Consumer Price Index from the fasterrising Retail Price Index
for calculating pensions unlawful.
1 per cent instead of the Retail Price Index
, which is 4.
According to the State Statistical Office, the retail price index
in October relative to the same month of last year went up 3.
Payments are income tax free and retail price index
linked -which means they rise with inflation.
He told MPs train companies would have to abide by the existing annual price- rise formula even if that formula means fares Train companies are allowed to annually raise regulated fares, which include season tickets, by the Retail Price Index
(RPI) inflation plus 1%, depending on what the RPI rate is in July.
4% pay rise, but the union wants at least the equivalent to the retail price index
measure of inflation - over 4%.
Research by pay analysts Incomes Data Services (IDS) showed that the retail price index
was putting upward pressure on wage deals.
Regulated fares are determined by the regime set by the SRA, which allows for a rise of the retail price index
plus one per cent.