UK inflation reform date to be set in November

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UK inflation traders will find out later this month exactly when planned changes to a leading inflation measure will take effect, after the UK chancellor confirmed he will respond to a consultation on reforming the retail prices index (RPI) at a November 25 spending review.

RPI, which underpins £450 billion ($600 billion) nominal of inflation-linked gilts, is due to be realigned to CPI-H – a housing-inclusive variant of the more robust consumer prices index. Initially expected in 2030, an early

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