Paul Bates, spokesman for Help the Aged, said: "The rate of Retail Price Index
does not reflect the real rate of inflation for pensioners.
Meanwhile, the Retail Price Index
measure, which is often used during pay negotiations, rose to 4.
The headline rate of Retail Price Index
(RPI) inflation, which includes mortgage interest payments, was unchanged at 2.
The rate of inflation -measured by the retail price index
-dipped after banks and building societies followed the 0.
The figures contrast with retail price index
data on Tuesday showing underlying inflation had unexpectedly jumped in December, which dampened hopes of a rate cut next month.
Now that the Chancellor has stated, in his budget speech in Parliament on April 22, that he expects the retail price index
to be negative 3% by September 2009, perhaps it is time for Newcastle City Council leader John Shipley to reiterate his pledge, made in The Journal in January of this year, that "we believe that we have a responsibility .
Train companies wanted to scrap the fares' formula based on the retail price index
7 per cent year-on-year rise in March and lower than the Retail Price Index
(RPI) measure of inflation.
The cost of services provided by tradesmen has risen by 204% since 1984, almost double the rise in the retail price index
Although fares on some routes can go up by the retail price index
plus 2%, the overall effect has to be neutral.
Ms Pam Webber, economist at the BRC, said the survey gave a more accurate picture of inflation as seen by ordinary shoppers than the official retail price index
released by the Office for National Statistics.
It is also worth noting that the Retail Price Index
does not fairly reflect the position for certain sectors of the community.