Consumer Prices Index (CPI)

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The Consumer Price Index (CPI) is the official measure of inflation of consumer prices in the United Kingdom.

This is currently the measure used to adjust your pension account at the end of every scheme year when you are an active member of the Scheme and, after you have ceased to be an active member, is used to increase (each April) the value of your deferred pension in the Scheme and any pension in payment from the Scheme.

The increase ensures your pension keeps up with the cost of living.