The price of the television licence is linked to the consumer price index which means that any increase has implications for inflation. |
A better bet is to predict the price deflator using the consumer price index for non-durable goods. |
Right now, benefits are set by a complex formula when a person first retires, and then are adjusted for inflation using the consumer price index. |
But the principal value is adjusted twice a year to reflect inflation, as measured by increases in the consumer price index. |
It also announced a new mechanism that appeared to link the licence fee to the consumer price index. |
By contrast, salary increases for the same period in 2001 increased by 2.4 per cent against the consumer price index. |