RPI estimate for next publication date (24th March)

ffacoffipawb

My prediction...

cpi 2.1%
rpi -1.1%

pjbltd

Much lower, RPI estimate -5%

mike22

Can someone explain this in plain English please?

pjbltd

Hi Mike22 We're estimating what the percent change in inflation will be from March08 to March09.

john_s_2

CPI: 1.3%
RPI: -0.4%

EDIT: decided my initial estimate of 0.8% for CPI was too low. The above is still 'sticking my neck out' compared to others' estimates.

paulw19

Does anybody know how a negative RPI would affect student loan repayments? RPI is the basis for interest on these loans....

Lokolo

paulw19 wrote: »

Does anybody know how a negative RPI would affect student loan repayments? RPI is the basis for interest on these loans....

We don't know yet. Of course the rules state that the interest should go negative but more than likely they will set it at 0%.

isofa

paulw19 wrote: »

Does anybody know how a negative RPI would affect student loan repayments? RPI is the basis for interest on these loans....

According to some of the Sunday broadsheets, you'd be getting extra money!

isofa

6022tivo wrote: »

I think i have some ns and i rpi linked stuff which is probably useless..

TREVORCOLMAN wrote: »

Unfortunately you are paying for those who live on the "never never"

If you are talking about Index Linked Savings Certs. for example you'll still be getting the % interest + a fixed 0 of RPI (it can never drop below zero even when RPI does).

So for example if you took out an Index Linked Savings Cert last year at 1.35% + RPI, then if RPI falls to -1% this week, you'll still be getting 1.35% on the certificate.

john_s_2

paulw19 wrote: »

Does anybody know how a negative RPI would affect student loan repayments? RPI is the basis for interest on these loans....

Radio 4's Moneybox had an article on all the RPI linked products (benefits, pensions, NSI Certificates) and Student Loans was the only one they couldn't give a definite answer to. Apparently the powers-that-be will be giving an answer "at the appropriate time" (IIRC).