Retail Prices Index

surely people can see that deflation is more of a problem than the commentators are talking about.

If you cannot sell a product for more than the cost of production then the cost of production has to be reduced. This is through either job losses or reduced wages, or a combination of both.

I detect a threat to the link of pensions to the Retail Prices index. The government will say that to link pensions to the RPI is now not relevant and the the link ought to be to the Consumer Prices index.

Furthermore, this government wants to link pensions to wages, well with wages falling that is a really good idea, is it not. I say no.