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Maintenance - RPI increases - Confused

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29 Mar 12 #320629 by maisymoos
Topic started by maisymoos
Hi

Draft Consent Order states " On the variation date which will be Feb 1013 periodical payments shall stand varied automatically. The change in payments will be the annual change if any between the RPI for 15 months before the date of variation and for 3 months before the variation date"

Can anyone give an example as to how this works .....I am confused.:blink:Where is the best place to find the RPI for specific dates?

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29 Mar 12 #320639 by maisymoos
Reply from maisymoos
Think I may have just got it!!!

can anyone confirm if I am right?

example :variation date 1st February 2012

15 months before =1st November 2010
3 months before = 1st Novemember 2011

So the change in RPI between 1st Nov 2010 to 1st Nov 2011 is the percentage increase to apply?

How do you find out what this is?

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29 Mar 12 #320652 by somuch2know2
Reply from somuch2know2
What are you trying to figure out? RPI is Retail Price Inflation. Its the amount items go up per year, and from your question it sounds as if this is tied to your agreement for SM?

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29 Mar 12 #320658 by maisymoos
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Hi So Much to know

Yes that''s what it is. Just trying to understand how calculations are actually made.

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29 Mar 12 #320668 by somuch2know2
Reply from somuch2know2
By looking at what is written I am guessing your SM will go up by whatever inflation is. You can get this information on any website as they mention it frequently.

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