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To ask the Secretary of State for Justice if he will list the purposes for which his Department uses (a) the retail price index measure of inflation, (b) the consumer price index measure of inflation and (c) any alternative measure of inflation.
[154972]
To ask the Secretary of State for Justice if he will list the purposes for which his Department uses (a) the retail price index measure of inflation, (b) the consumer price index measure of inflation and (c) any alternative measure of inflation.
[154972]
The Department uses both RPI and CPI to monitor and forecast contract prices. Specific industry indicators are also used for this purpose in areas such as energy, oil, metals, and paper.
The GDP deflator is used by the Department to inform medium and long-term financial planning, including the running costs of programmes and estimated savings from reforms and policies. This is in line with Treasury guidance.