Take the measure of the figures
- 2008
- Estates Gazette (0821) 31 May 2008, 133(1) .
Examines how inflation is used to calculate rent and service charges in property agreements. Considers how inflation itself is calculated, based on a standard basket of goods. Notes that this may lead to an overstating of inflation, and that the contents of the basket need to change over time. Defines and describes the main differences between the Consumer Price Index (CPI) and the Retail Price Index (RPI). Notes that property agreements need to allow for the rebasing of inflation indices.