Fortunately, there is a better alternative to the chained CPI. The Strengthening Social Security Act of 2013 (S. 567), sponsored by Senator Tom Harkin, D-Iowa, would set a price index that ...

The twelve-month measure of CPI inflation was 3.4% in February, which triggered an exchange of open letters under the terms of the MPC remit. I welcome that CPI inflation has fallen by a further 1.2 ...