A quickie from Reuters on errors found in inflation calculations that may impact on bond pricing.

Errors found in the retail prices index of inflation (used in inflation-linked government bonds). Says the piece:

  • RPI is widely used in commercial contracts and some wage bargaining, as well as for British government bonds

On the bright side:

  • the ONS has said for several years that it no longer gives an accurate measure of inflation.

Oh, well that's good then. LOL.