Rpiy - What Is It And What Would The Current Rate Be?

[FIGGY]

As in the title, I need to know what RPIY is but I have found some odd descriptions and I cant fidn its current rate anywhere. Alos is it likly to go up in the next year??

Sorry if this is a stupid question but I'm stumped

[FIGGY]

OK now I look stupid. Thanks for that. It has dropped a hal of a lot YoY when inflation has been going up, do you know why this would be an what indirect taxes it would relate to?

I have a price increase negotiation and have been asked to only increase prices by RPIY as benchmarked in August 2011 and to be honest I have no idea if this will be a good or a bad thing for me vs a RPI linked increase????

[Misanthrope]

OK now I look stupid. Thanks for that. It has dropped a hal of a lot YoY when inflation has been going up, do you know why this would be an what indirect taxes it would relate to?

I have a price increase negotiation and have been asked to only increase prices by RPIY as benchmarked in August 2011 and to be honest I have no idea if this will be a good or a bad thing for me vs a RPI linked increase????

The principle indirect tax excluded from RPIY (effectively core inflation) is VAT. This was raised to 17.5% (from 15%) in January 2010. So you can see the effect of VAT on headline inflation. And VAT has just gone up to 20%,

Your price negotiator is requesting a price increase excluding the effect of VAT.