RPI values (from Office for National Statistics)

Date RPI
1987 JAN 100
1987 FEB 100.4
1987 MAR 100.6
1987 APR 101.8
1987 MAY 101.9
1987 JUN 101.9
1987 JUL 101.8
1987 AUG 102.1
1987 SEP 102.4
1987 OCT 102.9
1987 NOV 103.4
1987 DEC 103.3
1988 JAN 103.3
1988 FEB 103.7
1988 MAR 104.1
1988 APR 105.8
1988 MAY 106.2
1988 JUN 106.6
1988 JUL 106.7
1988 AUG 107.9
1988 SEP 108.4
1988 OCT 109.5
1988 NOV 110
1988 DEC 110.3
1989 JAN 111
1989 FEB 111.8
1989 MAR 112.3
1989 APR 114.3
1989 MAY 115
1989 JUN 115.4
1989 JUL 115.5
1989 AUG 115.8
1989 SEP 116.6
1989 OCT 117.5
1989 NOV 118.5
1989 DEC 118.8
1990 JAN 119.5
1990 FEB 120.2
1990 MAR 121.4
1990 APR 125.1
1990 MAY 126.2
1990 JUN 126.7
1990 JUL 126.8
1990 AUG 128.1
1990 SEP 129.3
1990 OCT 130.3
1990 NOV 130
1990 DEC 129.9
1991 JAN 130.2
1991 FEB 130.9
1991 MAR 131.4
1991 APR 133.1
1991 MAY 133.5
1991 JUN 134.1
1991 JUL 133.8
1991 AUG 134.1
1991 SEP 134.6
1991 OCT 135.1
1991 NOV 135.6
1991 DEC 135.7
1992 JAN 135.6
1992 FEB 136.3
1992 MAR 136.7
1992 APR 138.8
1992 MAY 139.3
1992 JUN 139.3
1992 JUL 138.8
1992 AUG 138.9
1992 SEP 139.4
1992 OCT 139.9
1992 NOV 139.7
1992 DEC 139.2
1993 JAN 137.9
1993 FEB 138.8
1993 MAR 139.3
1993 APR 140.6
1993 MAY 141.1
1993 JUN 141
1993 JUL 140.7
1993 AUG 141.3
1993 SEP 141.9
1993 OCT 141.8
1993 NOV 141.6
1993 DEC 141.9
1994 JAN 141.3
1994 FEB 142.1
1994 MAR 142.5
1994 APR 144.2
1994 MAY 144.7
1994 JUN 144.7
1994 JUL 144
1994 AUG 144.7
1994 SEP 145
1994 OCT 145.2
1994 NOV 145.3
1994 DEC 146
1995 JAN 146
1995 FEB 146.9
1995 MAR 147.5
1995 APR 149
1995 MAY 149.6
1995 JUN 149.8
1995 JUL 149.1
1995 AUG 149.9
1995 SEP 150.6
1995 OCT 149.8
1995 NOV 149.8
1995 DEC 150.7
1996 JAN 150.2
1996 FEB 150.9
1996 MAR 151.5
1996 APR 152.6
1996 MAY 152.9
1996 JUN 153
1996 JUL 152.4
1996 AUG 153.1
1996 SEP 153.8
1996 OCT 153.8
1996 NOV 153.9
1996 DEC 154.4
1997 JAN 154.4
1997 FEB 155
1997 MAR 155.4
1997 APR 156.3
1997 MAY 156.9
1997 JUN 157.5
1997 JUL 157.5
1997 AUG 158.5
1997 SEP 159.3
1997 OCT 159.5
1997 NOV 159.6
1997 DEC 160
1998 JAN 159.5
1998 FEB 160.3
1998 MAR 160.8
1998 APR 162.6
1998 MAY 163.5
1998 JUN 163.4
1998 JUL 163
1998 AUG 163.7
1998 SEP 164.4
1998 OCT 164.5
1998 NOV 164.4
1998 DEC 164.4
1999 JAN 163.4
1999 FEB 163.7
1999 MAR 164.1
1999 APR 165.2
1999 MAY 165.6
1999 JUN 165.6
1999 JUL 165.1
1999 AUG 165.5
1999 SEP 166.2
1999 OCT 166.5
1999 NOV 166.7
1999 DEC 167.3
2000 JAN 166.6
2000 FEB 167.5
2000 MAR 168.4
2000 APR 170.1
2000 MAY 170.7
2000 JUN 171.1
2000 JUL 170.5
2000 AUG 170.5
2000 SEP 171.7
2000 OCT 171.6
2000 NOV 172.1
2000 DEC 172.2
2001 JAN 171.1
2001 FEB 172
2001 MAR 172.2
2001 APR 173.1
2001 MAY 174.2
2001 JUN 174.4
2001 JUL 173.3
2001 AUG 174
2001 SEP 174.6
2001 OCT 174.3
2001 NOV 173.6
2001 DEC 173.4
2002 JAN 173.3
2002 FEB 173.8
2002 MAR 174.5
2002 APR 175.7
2002 MAY 176.2
2002 JUN 176.2
2002 JUL 175.9
2002 AUG 176.4
2002 SEP 177.6
2002 OCT 177.9
2002 NOV 178.2
2002 DEC 178.5
2003 JAN 178.4
2003 FEB 179.3
2003 MAR 179.9
2003 APR 181.2
2003 MAY 181.5
2003 JUN 181.3
2003 JUL 181.3
2003 AUG 181.6
2003 SEP 182.5
2003 OCT 182.6
2003 NOV 182.7
2003 DEC 183.5
2004 JAN 183.1
2004 FEB 183.8
2004 MAR 184.6
2004 APR 185.7
2004 MAY 186.5
2004 JUN 186.8
2004 JUL 186.8
2004 AUG 187.4
2004 SEP 188.1
2004 OCT 188.6
2004 NOV 189
2004 DEC 189.9
2005 JAN 188.9
2005 FEB 189.6
2005 MAR 190.5
2005 APR 191.6
2005 MAY 192
2005 JUN 192.2
2005 JUL 192.2
2005 AUG 192.6
2005 SEP 193.1
2005 OCT 193.3
2005 NOV 193.6
2005 DEC 194.1
2006 JAN 193.4
2006 FEB 194.2
2006 MAR 195
2006 APR 196.5
2006 MAY 197.7
2006 JUN 198.5
2006 JUL 198.5
2006 AUG 199.2
2006 SEP 200.1
2006 OCT 200.4
2006 NOV 201.1
2006 DEC 202.7
2007 JAN 201.6
2007 FEB 203.1
2007 MAR 204.4
2007 APR 205.4
2007 MAY 206.2
2007 JUN 207.3
2007 JUL 206.1
2007 AUG 207.3
2007 SEP 208
2007 OCT 208.9
2007 NOV 209.7
2007 DEC 210.9
2008 JAN 209.8
2008 FEB 211.4
2008 MAR 212.1
2008 APR 214
2008 MAY 215.1
2008 JUN 216.8
2008 JUL 216.5
2008 AUG 217.2
2008 SEP 218.4
2008 OCT 217.7
2008 NOV 216
2008 DEC 212.9
2009 JAN 210.1
2009 FEB 211.4
2009 MAR 211.3
2009 APR 211.5
2009 MAY 212.8
2009 JUN 213.4
2009 JUL 213.4
2009 AUG 214.4
2009 SEP 215.3
2009 OCT 216
2009 NOV 216.6
2009 DEC 218
2010 JAN 217.9
2010 FEB 219.2
2010 MAR 220.7
2010 APR 222.8
2010 MAY 223.6
2010 JUN 224.1
2010 JUL 223.6
2010 AUG 224.5
2010 SEP 225.3
2010 OCT 225.8
2010 NOV 226.8
2010 DEC 228.4
2011 JAN 229
2011 FEB 231.3
2011 MAR 232.5
2011 APR 234.4
2011 MAY 235.2
2011 JUN 235.2
2011 JUL 234.7
2011 AUG 236.1
2011 SEP 237.9
2011 OCT 238
2011 NOV 238.5
2011 DEC 239.4
2012 JAN 238
2012 FEB 239.9
2012 MAR 240.8
2012 APR 242.5
2012 MAY 242.4
2012 JUN 241.8
2012 JUL 242.1
2012 AUG 243
2012 SEP 244.2
2012 OCT 245.6
2012 NOV 245.6
2012 DEC 246.8
2013 JAN 245.8
2013 FEB 247.6
2013 MAR 248.7
2013 APR 249.5
2013 MAY 250
2013 JUN 249.7
2013 JUL 249.7
2013 AUG 251
2013 SEP 251.9
2013 OCT 251.9
2013 NOV 252.1
2013 DEC 253.4
2014 JAN 252.6
2014 FEB 254.2
2014 MAR 254.8
2014 APR 255.7
2014 MAY 255.9
2014 JUN 256.3
2014 JUL 256
2014 AUG 257
2014 SEP 257.6
2014 OCT 257.7
2014 NOV 257.1
2014 DEC 257.5
2015 JAN 255.4
2015 FEB 256.7
2015 MAR 257.1
2015 APR 258
2015 MAY 258.5
2015 JUN 258.9
2015 JUL 258.6
2015 AUG 259.8
2015 SEP 259.6
2015 OCT 259.5
2015 NOV 259.8
2015 DEC 260.6
2016 JAN 258.8
2016 FEB 260
2016 MAR 261.1
2016 APR 261.4
2016 MAY 262.1
2016 JUN 263.1
2016 JUL 263.4
2016 AUG 264.4
2016 SEP 264.9
2016 OCT 264.8
2016 NOV 265.5
2016 DEC 267.1
2017 JAN 265.5
(i) Annual rate of inflation for each month from January 1988 to January 2017
[2]
Date RPI Annual rate of inflation in previous 12 months Negative?
1987 JAN 100
1987 FEB 100.4
1987 MAR 100.6
1987 APR 101.8
1987 MAY 101.9
1987 JUN 101.9
1987 JUL 101.8
1987 AUG 102.1
1987 SEP 102.4
1987 OCT 102.9
1987 NOV 103.4
1987 DEC 103.3
1988 JAN 103.3 3.30% 0
1988 FEB 103.7 3.29% 0
1988 MAR 104.1 3.48% 0
1988 APR 105.8 3.93% 0
1988 MAY 106.2 4.22% 0
1988 JUN 106.6 4.61% 0
1988 JUL 106.7 4.81% 0
1988 AUG 107.9 5.68% 0
1988 SEP 108.4 5.86% 0
1988 OCT 109.5 6.41% 0
1988 NOV 110 6.38% 0
1988 DEC 110.3 6.78% 0
1989 JAN 111 7.45% 0
1989 FEB 111.8 7.81% 0
1989 MAR 112.3 7.88% 0
1989 APR 114.3 8.03% 0
1989 MAY 115 8.29% 0
1989 JUN 115.4 8.26% 0
1989 JUL 115.5 8.25% 0
1989 AUG 115.8 7.32% 0
1989 SEP 116.6 7.56% 0
1989 OCT 117.5 7.31% 0
1989 NOV 118.5 7.73% 0
1989 DEC 118.8 7.71% 0
1990 JAN 119.5 7.66% 0
1990 FEB 120.2 7.51% 0
1990 MAR 121.4 8.10% 0
1990 APR 125.1 9.45% 0
1990 MAY 126.2 9.74% 0
1990 JUN 126.7 9.79% 0
1990 JUL 126.8 9.78% 0
1990 AUG 128.1 10.62% 0
1990 SEP 129.3 10.89% 0
1990 OCT 130.3 10.89% 0
1990 NOV 130 9.70% 0
1990 DEC 129.9 9.34% 0
1991 JAN 130.2 8.95% 0
1991 FEB 130.9 8.90% 0
1991 MAR 131.4 8.24% 0
1991 APR 133.1 6.39% 0
1991 MAY 133.5 5.78% 0
1991 JUN 134.1 5.84% 0
1991 JUL 133.8 5.52% 0
1991 AUG 134.1 4.68% 0
1991 SEP 134.6 4.10% 0
1991 OCT 135.1 3.68% 0
1991 NOV 135.6 4.31% 0
1991 DEC 135.7 4.46% 0
1992 JAN 135.6 4.15% 0
1992 FEB 136.3 4.13% 0
1992 MAR 136.7 4.03% 0
1992 APR 138.8 4.28% 0
1992 MAY 139.3 4.34% 0
1992 JUN 139.3 3.88% 0
1992 JUL 138.8 3.74% 0
1992 AUG 138.9 3.58% 0
1992 SEP 139.4 3.57% 0
1992 OCT 139.9 3.55% 0
1992 NOV 139.7 3.02% 0
1992 DEC 139.2 2.58% 0
1993 JAN 137.9 1.70% 0
1993 FEB 138.8 1.83% 0
1993 MAR 139.3 1.90% 0
1993 APR 140.6 1.30% 0
1993 MAY 141.1 1.29% 0
1993 JUN 141 1.22% 0
1993 JUL 140.7 1.37% 0
1993 AUG 141.3 1.73% 0
1993 SEP 141.9 1.79% 0
1993 OCT 141.8 1.36% 0
1993 NOV 141.6 1.36% 0
1993 DEC 141.9 1.94% 0
1994 JAN 141.3 2.47% 0
1994 FEB 142.1 2.38% 0
1994 MAR 142.5 2.30% 0
1994 APR 144.2 2.56% 0
1994 MAY 144.7 2.55% 0
1994 JUN 144.7 2.62% 0
1994 JUL 144 2.35% 0
1994 AUG 144.7 2.41% 0
1994 SEP 145 2.18% 0
1994 OCT 145.2 2.40% 0
1994 NOV 145.3 2.61% 0
1994 DEC 146 2.89% 0
1995 JAN 146 3.33% 0
1995 FEB 146.9 3.38% 0
1995 MAR 147.5 3.51% 0
1995 APR 149 3.33% 0
1995 MAY 149.6 3.39% 0
1995 JUN 149.8 3.52% 0
1995 JUL 149.1 3.54% 0
1995 AUG 149.9 3.59% 0
1995 SEP 150.6 3.86% 0
1995 OCT 149.8 3.17% 0
1995 NOV 149.8 3.10% 0
1995 DEC 150.7 3.22% 0
1996 JAN 150.2 2.88% 0
1996 FEB 150.9 2.72% 0
1996 MAR 151.5 2.71% 0
1996 APR 152.6 2.42% 0
1996 MAY 152.9 2.21% 0
1996 JUN 153 2.14% 0
1996 JUL 152.4 2.21% 0
1996 AUG 153.1 2.13% 0
1996 SEP 153.8 2.12% 0
1996 OCT 153.8 2.67% 0
1996 NOV 153.9 2.74% 0
1996 DEC 154.4 2.46% 0
1997 JAN 154.4 2.80% 0
1997 FEB 155 2.72% 0
1997 MAR 155.4 2.57% 0
1997 APR 156.3 2.42% 0
1997 MAY 156.9 2.62% 0
1997 JUN 157.5 2.94% 0
1997 JUL 157.5 3.35% 0
1997 AUG 158.5 3.53% 0
1997 SEP 159.3 3.58% 0
1997 OCT 159.5 3.71% 0
1997 NOV 159.6 3.70% 0
1997 DEC 160 3.63% 0
1998 JAN 159.5 3.30% 0
1998 FEB 160.3 3.42% 0
1998 MAR 160.8 3.47% 0
1998 APR 162.6 4.03% 0
1998 MAY 163.5 4.21% 0
1998 JUN 163.4 3.75% 0
1998 JUL 163 3.49% 0
1998 AUG 163.7 3.28% 0
1998 SEP 164.4 3.20% 0
1998 OCT 164.5 3.13% 0
1998 NOV 164.4 3.01% 0
1998 DEC 164.4 2.75% 0
1999 JAN 163.4 2.45% 0
1999 FEB 163.7 2.12% 0
1999 MAR 164.1 2.05% 0
1999 APR 165.2 1.60% 0
1999 MAY 165.6 1.28% 0
1999 JUN 165.6 1.35% 0
1999 JUL 165.1 1.29% 0
1999 AUG 165.5 1.10% 0
1999 SEP 166.2 1.09% 0
1999 OCT 166.5 1.22% 0
1999 NOV 166.7 1.40% 0
1999 DEC 167.3 1.76% 0
2000 JAN 166.6 1.96% 0
2000 FEB 167.5 2.32% 0
2000 MAR 168.4 2.62% 0
2000 APR 170.1 2.97% 0
2000 MAY 170.7 3.08% 0
2000 JUN 171.1 3.32% 0
2000 JUL 170.5 3.27% 0
2000 AUG 170.5 3.02% 0
2000 SEP 171.7 3.31% 0
2000 OCT 171.6 3.06% 0
2000 NOV 172.1 3.24% 0
2000 DEC 172.2 2.93% 0
2001 JAN 171.1 2.70% 0
2001 FEB 172 2.69% 0
2001 MAR 172.2 2.26% 0
2001 APR 173.1 1.76% 0
2001 MAY 174.2 2.05% 0
2001 JUN 174.4 1.93% 0
2001 JUL 173.3 1.64% 0
2001 AUG 174 2.05% 0
2001 SEP 174.6 1.69% 0
2001 OCT 174.3 1.57% 0
2001 NOV 173.6 0.87% 0
2001 DEC 173.4 0.70% 0
2002 JAN 173.3 1.29% 0
2002 FEB 173.8 1.05% 0
2002 MAR 174.5 1.34% 0
2002 APR 175.7 1.50% 0
2002 MAY 176.2 1.15% 0
2002 JUN 176.2 1.03% 0
2002 JUL 175.9 1.50% 0
2002 AUG 176.4 1.38% 0
2002 SEP 177.6 1.72% 0
2002 OCT 177.9 2.07% 0
2002 NOV 178.2 2.65% 0
2002 DEC 178.5 2.94% 0
2003 JAN 178.4 2.94% 0
2003 FEB 179.3 3.16% 0
2003 MAR 179.9 3.09% 0
2003 APR 181.2 3.13% 0
2003 MAY 181.5 3.01% 0
2003 JUN 181.3 2.89% 0
2003 JUL 181.3 3.07% 0
2003 AUG 181.6 2.95% 0
2003 SEP 182.5 2.76% 0
2003 OCT 182.6 2.64% 0
2003 NOV 182.7 2.53% 0
2003 DEC 183.5 2.80% 0
2004 JAN 183.1 2.63% 0
2004 FEB 183.8 2.51% 0
2004 MAR 184.6 2.61% 0
2004 APR 185.7 2.48% 0
2004 MAY 186.5 2.75% 0
2004 JUN 186.8 3.03% 0
2004 JUL 186.8 3.03% 0
2004 AUG 187.4 3.19% 0
2004 SEP 188.1 3.07% 0
2004 OCT 188.6 3.29% 0
2004 NOV 189 3.45% 0
2004 DEC 189.9 3.49% 0
2005 JAN 188.9 3.17% 0
2005 FEB 189.6 3.16% 0
2005 MAR 190.5 3.20% 0
2005 APR 191.6 3.18% 0
2005 MAY 192 2.95% 0
2005 JUN 192.2 2.89% 0
2005 JUL 192.2 2.89% 0
2005 AUG 192.6 2.77% 0
2005 SEP 193.1 2.66% 0
2005 OCT 193.3 2.49% 0
2005 NOV 193.6 2.43% 0
2005 DEC 194.1 2.21% 0
2006 JAN 193.4 2.38% 0
2006 FEB 194.2 2.43% 0
2006 MAR 195 2.36% 0
2006 APR 196.5 2.56% 0
2006 MAY 197.7 2.97% 0
2006 JUN 198.5 3.28% 0
2006 JUL 198.5 3.28% 0
2006 AUG 199.2 3.43% 0
2006 SEP 200.1 3.63% 0
2006 OCT 200.4 3.67% 0
2006 NOV 201.1 3.87% 0
2006 DEC 202.7 4.43% 0
2007 JAN 201.6 4.24% 0
2007 FEB 203.1 4.58% 0
2007 MAR 204.4 4.82% 0
2007 APR 205.4 4.53% 0
2007 MAY 206.2 4.30% 0
2007 JUN 207.3 4.43% 0
2007 JUL 206.1 3.83% 0
2007 AUG 207.3 4.07% 0
2007 SEP 208 3.95% 0
2007 OCT 208.9 4.24% 0
2007 NOV 209.7 4.28% 0
2007 DEC 210.9 4.05% 0
2008 JAN 209.8 4.07% 0
2008 FEB 211.4 4.09% 0
2008 MAR 212.1 3.77% 0
2008 APR 214 4.19% 0
2008 MAY 215.1 4.32% 0
2008 JUN 216.8 4.58% 0
2008 JUL 216.5 5.05% 0
2008 AUG 217.2 4.78% 0
2008 SEP 218.4 5.00% 0
2008 OCT 217.7 4.21% 0
2008 NOV 216 3.00% 0
2008 DEC 212.9 0.95% 0
2009 JAN 210.1 0.14% 0
2009 FEB 211.4 0.00% 0
2009 MAR 211.3 -0.38% 1
2009 APR 211.5 -1.17% 1
2009 MAY 212.8 -1.07% 1
2009 JUN 213.4 -1.57% 1
2009 JUL 213.4 -1.43% 1
2009 AUG 214.4 -1.29% 1
2009 SEP 215.3 -1.42% 1
2009 OCT 216 -0.78% 1
2009 NOV 216.6 0.28% 0
2009 DEC 218 2.40% 0
2010 JAN 217.9 3.71% 0
2010 FEB 219.2 3.69% 0
2010 MAR 220.7 4.45% 0
2010 APR 222.8 5.34% 0
2010 MAY 223.6 5.08% 0
2010 JUN 224.1 5.01% 0
2010 JUL 223.6 4.78% 0
2010 AUG 224.5 4.71% 0
2010 SEP 225.3 4.64% 0
2010 OCT 225.8 4.54% 0
2010 NOV 226.8 4.71% 0
2010 DEC 228.4 4.77% 0
2011 JAN 229 5.09% 0
2011 FEB 231.3 5.52% 0
2011 MAR 232.5 5.35% 0
2011 APR 234.4 5.21% 0
2011 MAY 235.2 5.19% 0
2011 JUN 235.2 4.95% 0
2011 JUL 234.7 4.96% 0
2011 AUG 236.1 5.17% 0
2011 SEP 237.9 5.59% 0
2011 OCT 238 5.40% 0
2011 NOV 238.5 5.16% 0
2011 DEC 239.4 4.82% 0
2012 JAN 238 3.93% 0
2012 FEB 239.9 3.72% 0
2012 MAR 240.8 3.57% 0
2012 APR 242.5 3.46% 0
2012 MAY 242.4 3.06% 0
2012 JUN 241.8 2.81% 0
2012 JUL 242.1 3.15% 0
2012 AUG 243 2.92% 0
2012 SEP 244.2 2.65% 0
2012 OCT 245.6 3.19% 0
2012 NOV 245.6 2.98% 0
2012 DEC 246.8 3.09% 0
2013 JAN 245.8 3.28% 0
2013 FEB 247.6 3.21% 0
2013 MAR 248.7 3.28% 0
2013 APR 249.5 2.89% 0
2013 MAY 250 3.14% 0
2013 JUN 249.7 3.27% 0
2013 JUL 249.7 3.14% 0
2013 AUG 251 3.29% 0
2013 SEP 251.9 3.15% 0
2013 OCT 251.9 2.57% 0
2013 NOV 252.1 2.65% 0
2013 DEC 253.4 2.67% 0
2014 JAN 252.6 2.77% 0
2014 FEB 254.2 2.67% 0
2014 MAR 254.8 2.45% 0
2014 APR 255.7 2.48% 0
2014 MAY 255.9 2.36% 0
2014 JUN 256.3 2.64% 0
2014 JUL 256 2.52% 0
2014 AUG 257 2.39% 0
2014 SEP 257.6 2.26% 0
2014 OCT 257.7 2.30% 0
2014 NOV 257.1 1.98% 0
2014 DEC 257.5 1.62% 0
2015 JAN 255.4 1.11% 0
2015 FEB 256.7 0.98% 0
2015 MAR 257.1 0.90% 0
2015 APR 258 0.90% 0
2015 MAY 258.5 1.02% 0
2015 JUN 258.9 1.01% 0
2015 JUL 258.6 1.02% 0
2015 AUG 259.8 1.09% 0
2015 SEP 259.6 0.78% 0
2015 OCT 259.5 0.70% 0
2015 NOV 259.8 1.05% 0
2015 DEC 260.6 1.20% 0
2016 JAN 258.8 1.33% 0
2016 FEB 260 1.29% 0
2016 MAR 261.1 1.56% 0
2016 APR 261.4 1.32% 0
2016 MAY 262.1 1.39% 0
2016 JUN 263.1 1.62% 0
2016 JUL 263.4 1.86% 0
2016 AUG 264.4 1.77% 0
2016 SEP 264.9 2.04% 0
2016 OCT 264.8 2.04% 0
2016 NOV 265.5 2.19% 0
2016 DEC 267.1 2.49% 0
2017 JAN 265.5 2.59% 0

Count of negative inflation 8 [2]

Highest value 10.89% [1]
Lowest value -1.57% [1]
January 2017
(ii) Graph of annual rate of inflation for each calendar year

Date RPI Annual rate of inflation in previous 12 months Year Months

1987 JAN 100 1987 0
1987 FEB 100.4 1988 12
1987 MAR 100.6 1989 24
1987 APR 101.8 1990 36
1987 MAY 101.9 1991 48
1987 JUN 101.9 1992 60
1987 JUL 101.8 1993 72
1987 AUG 102.1 1994 84
1987 SEP 102.4 1995 96
1987 OCT 102.9 1996 108
1987 NOV 103.4 1997 120
1987 DEC 103.3 1998 132
1988 JAN 103.3 3.30% 1999 144
1988 FEB 103.7 3.29% 2000 156
1988 MAR 104.1 3.48% 2001 168
1988 APR 105.8 3.93% 2002 180
1988 MAY 106.2 4.22% 2003 192
1988 JUN 106.6 4.61% 2004 204
1988 JUL 106.7 4.81% 2005 216
1988 AUG 107.9 5.68% 2006 228
1988 SEP 108.4 5.86% 2007 240
1988 OCT 109.5 6.41% 2008 252
1988 NOV 110 6.38% 2009 264
1988 DEC 110.3 6.78% 2010 276
1989 JAN 111 7.45% 2011 288
1989 FEB 111.8 7.81% 2012 300
1989 MAR 112.3 7.88% 2013 312
1989 APR 114.3 8.03% 2014 324
1989 MAY 115 8.29% 2015 336
1989 JUN 115.4 8.26% 2016 348
1989 JUL 115.5 8.25%
1989 AUG 115.8 7.32%
1989 SEP 116.6 7.56%
1989 OCT 117.5 7.31%
1989 NOV 118.5 7.73%
1989 DEC 118.8 7.71%
1990 JAN 119.5 7.66%
1990 FEB 120.2 7.51%
1990 MAR 121.4 8.10%
1990 APR 125.1 9.45%
1990 MAY 126.2 9.74%
1990 JUN 126.7 9.79%
1990 JUL 126.8 9.78%
1990 AUG 128.1 10.62%
1990 SEP 129.3 10.89%
1990 OCT 130.3 10.89%
1990 NOV 130 9.70%
1990 DEC 129.9 9.34%
1991 JAN 130.2 8.95%
1991 FEB 130.9 8.90%
1991 MAR 131.4 8.24%
1991 APR 133.1 6.39%
1991 MAY 133.5 5.78%
1991 JUN 134.1 5.84%
1991 JUL 133.8 5.52%
1991 AUG 134.1 4.68%
1991 SEP 134.6 4.10%
1991 OCT 135.1 3.68%
1991 NOV 135.6 4.31%
1991 DEC 135.7 4.46%
1992 JAN 135.6 4.15%
1992 FEB 136.3 4.13%
1992 MAR 136.7 4.03%
1992 APR 138.8 4.28%
1992 MAY 139.3 4.34%
1992 JUN 139.3 3.88%
1992 JUL 138.8 3.74%
1992 AUG 138.9 3.58%
1992 SEP 139.4 3.57%
1992 OCT 139.9 3.55%
1992 NOV 139.7 3.02%
1992 DEC 139.2 2.58%
1993 JAN 137.9 1.70%
1993 FEB 138.8 1.83%
1993 MAR 139.3 1.90%
1993 APR 140.6 1.30%
1993 MAY 141.1 1.29%
1993 JUN 141 1.22%
1993 JUL 140.7 1.37%
1993 AUG 141.3 1.73%
1993 SEP 141.9 1.79%
1993 OCT 141.8 1.36%
1993 NOV 141.6 1.36%
1993 DEC 141.9 1.94%
1994 JAN 141.3 2.47%
1994 FEB 142.1 2.38%
1994 MAR 142.5 2.30%
1994 APR 144.2 2.56%
1994 MAY 144.7 2.55%
1994 JUN 144.7 2.62%
1994 JUL 144 2.35%
1994 AUG 144.7 2.41%
1994 SEP 145 2.18%
1994 OCT 145.2 2.40%
1994 NOV 145.3 2.61%
1994 DEC 146 2.89%
1995 JAN 146 3.33%
1995 FEB 146.9 3.38%
1995 MAR 147.5 3.51%
1995 APR 149 3.33%
1995 MAY 149.6 3.39%
1995 JUN 149.8 3.52%
1995 JUL 149.1 3.54%
1995 AUG 149.9 3.59%
1995 SEP 150.6 3.86%
1995 OCT 149.8 3.17%
1995 NOV 149.8 3.10%
1995 DEC 150.7 3.22%
1996 JAN 150.2 2.88%
1996 FEB 150.9 2.72%
1996 MAR 151.5 2.71%
1996 APR 152.6 2.42%
1996 MAY 152.9 2.21%
1996 JUN 153 2.14%
1996 JUL 152.4 2.21%
1996 AUG 153.1 2.13%
1996 SEP 153.8 2.12%
1996 OCT 153.8 2.67%
1996 NOV 153.9 2.74%
1996 DEC 154.4 2.46%
1997 JAN 154.4 2.80%
1997 FEB 155 2.72%
1997 MAR 155.4 2.57%
1997 APR 156.3 2.42%
1997 MAY 156.9 2.62%
1997 JUN 157.5 2.94%
1997 JUL 157.5 3.35%
1997 AUG 158.5 3.53%
1997 SEP 159.3 3.58%
1997 OCT 159.5 3.71%
1997 NOV 159.6 3.70%
1997 DEC 160 3.63%
1998 JAN 159.5 3.30%
1998 FEB 160.3 3.42%
1998 MAR 160.8 3.47%
1998 APR 162.6 4.03%
1998 MAY 163.5 4.21%
1998 JUN 163.4 3.75%
1998 JUL 163 3.49%
1998 AUG 163.7 3.28%
1998 SEP 164.4 3.20%
1998 OCT 164.5 3.13%
1998 NOV 164.4 3.01%
1998 DEC 164.4 2.75%
1999 JAN 163.4 2.45%
1999 FEB 163.7 2.12%
1999 MAR 164.1 2.05%
1999 APR 165.2 1.60%
1999 MAY 165.6 1.28%
1999 JUN 165.6 1.35%
1999 JUL 165.1 1.29%
1999 AUG 165.5 1.10%
1999 SEP 166.2 1.09%
1999 OCT 166.5 1.22%
1999 NOV 166.7 1.40%
1999 DEC 167.3 1.76%
2000 JAN 166.6 1.96%
2000 FEB 167.5 2.32%
2000 MAR 168.4 2.62%
2000 APR 170.1 2.97%
2000 MAY 170.7 3.08%
2000 JUN 171.1 3.32%
2000 JUL 170.5 3.27%
2000 AUG 170.5 3.02%
2000 SEP 171.7 3.31%
2000 OCT 171.6 3.06%
2000 NOV 172.1 3.24%
2000 DEC 172.2 2.93%
2001 JAN 171.1 2.70%
2001 FEB 172 2.69%
2001 MAR 172.2 2.26%
2001 APR 173.1 1.76%
2001 MAY 174.2 2.05%
2001 JUN 174.4 1.93%
2001 JUL 173.3 1.64%
2001 AUG 174 2.05%
2001 SEP 174.6 1.69%
2001 OCT 174.3 1.57%
2001 NOV 173.6 0.87%
2001 DEC 173.4 0.70%
2002 JAN 173.3 1.29%
2002 FEB 173.8 1.05%
2002 MAR 174.5 1.34%
2002 APR 175.7 1.50%
2002 MAY 176.2 1.15%
2002 JUN 176.2 1.03%
2002 JUL 175.9 1.50%
2002 AUG 176.4 1.38%
2002 SEP 177.6 1.72%
2002 OCT 177.9 2.07%
2002 NOV 178.2 2.65%
2002 DEC 178.5 2.94%
2003 JAN 178.4 2.94%
2003 FEB 179.3 3.16%
2003 MAR 179.9 3.09%
2003 APR 181.2 3.13%
2003 MAY 181.5 3.01%
2003 JUN 181.3 2.89%
2003 JUL 181.3 3.07%
2003 AUG 181.6 2.95%
2003 SEP 182.5 2.76%
2003 OCT 182.6 2.64%
2003 NOV 182.7 2.53%
2003 DEC 183.5 2.80%
2004 JAN 183.1 2.63%
2004 FEB 183.8 2.51%
2004 MAR 184.6 2.61%
2004 APR 185.7 2.48%
2004 MAY 186.5 2.75%
2004 JUN 186.8 3.03%
2004 JUL 186.8 3.03%
2004 AUG 187.4 3.19%
2004 SEP 188.1 3.07%
2004 OCT 188.6 3.29%
2004 NOV 189 3.45%
2004 DEC 189.9 3.49%
2005 JAN 188.9 3.17%
2005 FEB 189.6 3.16%
2005 MAR 190.5 3.20%
2005 APR 191.6 3.18%
2005 MAY 192 2.95%
2005 JUN 192.2 2.89%
2005 JUL 192.2 2.89%
2005 AUG 192.6 2.77%
2005 SEP 193.1 2.66%
2005 OCT 193.3 2.49%
2005 NOV 193.6 2.43%
2005 DEC 194.1 2.21%
2006 JAN 193.4 2.38%
2006 FEB 194.2 2.43%
2006 MAR 195 2.36%
2006 APR 196.5 2.56%
2006 MAY 197.7 2.97%
2006 JUN 198.5 3.28%
2006 JUL 198.5 3.28%
2006 AUG 199.2 3.43%
2006 SEP 200.1 3.63%
2006 OCT 200.4 3.67%
2006 NOV 201.1 3.87%
2006 DEC 202.7 4.43%
2007 JAN 201.6 4.24%
2007 FEB 203.1 4.58%
2007 MAR 204.4 4.82%
2007 APR 205.4 4.53%
2007 MAY 206.2 4.30%
2007 JUN 207.3 4.43%
2007 JUL 206.1 3.83%
2007 AUG 207.3 4.07%
2007 SEP 208 3.95%
2007 OCT 208.9 4.24%
2007 NOV 209.7 4.28%
2007 DEC 210.9 4.05%
2008 JAN 209.8 4.07%
2008 FEB 211.4 4.09%
2008 MAR 212.1 3.77%
2008 APR 214 4.19%
2008 MAY 215.1 4.32%
2008 JUN 216.8 4.58%
2008 JUL 216.5 5.05%
2008 AUG 217.2 4.78%
2008 SEP 218.4 5.00%
2008 OCT 217.7 4.21%
2008 NOV 216 3.00%
2008 DEC 212.9 0.95%
2009 JAN 210.1 0.14%
2009 FEB 211.4 0.00%
2009 MAR 211.3 -0.38%
2009 APR 211.5 -1.17%
2009 MAY 212.8 -1.07%
2009 JUN 213.4 -1.57%
2009 JUL 213.4 -1.43%
2009 AUG 214.4 -1.29%
2009 SEP 215.3 -1.42%
2009 OCT 216 -0.78%
2009 NOV 216.6 0.28%
2009 DEC 218 2.40%
2010 JAN 217.9 3.71%
2010 FEB 219.2 3.69%
2010 MAR 220.7 4.45%
2010 APR 222.8 5.34%
2010 MAY 223.6 5.08%
2010 JUN 224.1 5.01%
2010 JUL 223.6 4.78%
2010 AUG 224.5 4.71%
2010 SEP 225.3 4.64%
2010 OCT 225.8 4.54%
2010 NOV 226.8 4.71%
2010 DEC 228.4 4.77%
2011 JAN 229 5.09%
2011 FEB 231.3 5.52%
2011 MAR 232.5 5.35%
2011 APR 234.4 5.21%
2011 MAY 235.2 5.19%
2011 JUN 235.2 4.95%
2011 JUL 234.7 4.96%
2011 AUG 236.1 5.17%
2011 SEP 237.9 5.59%
2011 OCT 238 5.40%
2011 NOV 238.5 5.16%
2011 DEC 239.4 4.82%
2012 JAN 238 3.93%
2012 FEB 239.9 3.72%
2012 MAR 240.8 3.57%
2012 APR 242.5 3.46%
2012 MAY 242.4 3.06%
2012 JUN 241.8 2.81%
2012 JUL 242.1 3.15%
2012 AUG 243 2.92%
2012 SEP 244.2 2.65%
2012 OCT 245.6 3.19%
2012 NOV 245.6 2.98%
2012 DEC 246.8 3.09%
2013 JAN 245.8 3.28%
2013 FEB 247.6 3.21%
2013 MAR 248.7 3.28%
2013 APR 249.5 2.89%
2013 MAY 250 3.14%
2013 JUN 249.7 3.27%
2013 JUL 249.7 3.14%
2013 AUG 251 3.29%
2013 SEP 251.9 3.15%
2013 OCT 251.9 2.57%
2013 NOV 252.1 2.65%
2013 DEC 253.4 2.67%
2014 JAN 252.6 2.77%
2014 FEB 254.2 2.67%
2014 MAR 254.8 2.45%
2014 APR 255.7 2.48%
2014 MAY 255.9 2.36%
2014 JUN 256.3 2.64%
2014 JUL 256 2.52%
2014 AUG 257 2.39%
2014 SEP 257.6 2.26%
2014 OCT 257.7 2.30%
2014 NOV 257.1 1.98%
2014 DEC 257.5 1.62%
2015 JAN 255.4 1.11%
2015 FEB 256.7 0.98%
2015 MAR 257.1 0.90%
2015 APR 258 0.90%
2015 MAY 258.5 1.02%
2015 JUN 258.9 1.01%
2015 JUL 258.6 1.02%
2015 AUG 259.8 1.09%
2015 SEP 259.6 0.78%
2015 OCT 259.5 0.70%
2015 NOV 259.8 1.05%
2015 DEC 260.6 1.20%
2016 JAN 258.8 1.33%
2016 FEB 260 1.29%
2016 MAR 261.1 1.56%
2016 APR 261.4 1.32%
2016 MAY 262.1 1.39%
2016 JUN 263.1 1.62%
2016 JUL 263.4 1.86%
2016 AUG 264.4 1.77%
2016 SEP 264.9 2.04%
2016 OCT 264.8 2.04%
2016 NOV 265.5 2.19%
2016 DEC 267.1 2.49%
2017 JAN 265.5 2.59%
 [4]
Annual rate of inflation
3.30%
7.45%
7.66% Annual rate of inflation for calendar years 1987- 2016
8.95%
4.15% 10.00%
1.70%
2.47% 8.00%
Annual rate of inflation
3.33%
2.88% 6.00%
2.80%
3.30% 4.00%

2.45%
2.00%
1.96%
2.70%
0.00%
1.29%
87 89 91 93 95 97 99 01 03 05 07 09 11 13 15
2.94% 19 19 19 19 19 19 19 20 20 20 20 20 20 20 20
2.63% Year
3.17%
2.38%
4.24%
4.07%
0.14%
3.71%
5.09%
3.93%
3.28%
2.77%
1.11%
1.33%
2.59%
alendar years 1987- 2016

03 05 07 09 11 13 15
20 20 20 20 20 20 20 [4 for graph]
(iii) & (iv) Final rental payment and accumulated value of rental payments
Annual rate of return 6.00%
Initial rental payment 200,000
Minimum increase 2.00%
Maximum increase 5.00%

[3]
Year Annual rate of inflation Inflation (min 2%, max 5%)
1987 3.30% 3.30%
1988 7.45% 5.00%
1989 7.66% 5.00%
1990 8.95% 5.00%
1991 4.15% 4.15%
1992 1.70% 2.00%
1993 2.47% 2.47%
1994 3.33% 3.33%
1995 2.88% 2.88%
1996 2.80% 2.80%
1997 3.30% 3.30%
1998 2.45% 2.45%
1999 1.96% 2.00%
2000 2.70% 2.70%
2001 1.29% 2.00%
2002 2.94% 2.94%
2003 2.63% 2.63%
2004 3.17% 3.17%
2005 2.38% 2.38%
2006 4.24% 4.24%
2007 4.07% 4.07%
2008 0.14% 2.00%
2009 3.71% 3.71%
2010 5.09% 5.00%
2011 3.93% 3.93%
2012 3.28% 3.28%
2013 2.77% 2.77%
2014 1.11% 2.00%
2015 1.33% 2.00%
payments

[3 for correct Apr 16 payment]

Time Date of payment Payment amount Accumulated value
0 Apr-87 200,000 1,148,698
1 Apr-88 206,600 1,119,439
2 Apr-89 216,930 1,108,878
3 Apr-90 227,777 1,098,417
4 Apr-91 239,165 1,088,055
5 Apr-92 249,085 1,069,039
6 Apr-93 254,066 1,028,698
7 Apr-94 260,330 994,397
8 Apr-95 268,990 969,315
9 Apr-96 276,728 940,754
10 Apr-97 284,466 912,320
11 Apr-98 293,862 889,109
12 Apr-99 301,047 859,291
13 Apr-00 307,068 826,865
14 Apr-01 315,363 801,132
15 Apr-02 321,670 770,900
16 Apr-03 331,136 748,667
17 Apr-04 339,860 724,897
18 Apr-05 350,626 705,528
19 Apr-06 358,978 681,448
20 Apr-07 374,199 670,133
21 Apr-08 389,419 657,915
22 Apr-09 397,207 633,088
23 Apr-10 411,954 619,426
24 Apr-11 432,551 613,583
25 Apr-12 449,551 601,601
26 Apr-13 464,285 586,149
27 Apr-14 477,129 568,268
28 Apr-15 486,671 546,824
29 Apr-16 496,405 526,189

Total AV at April 2017 £ 24,509,023 [4]

(v) Money and real rate of return
Money rate of return 4.45% [2] GOALSEEK to set cell H134 equal to £100,000 by changing cell B3
Real rate of return 1.96% [2] GOALSEEK to set cell L134 equal to £100,000 by changing cell B4
Initial annual payment 10,000
Annual growth rate 5%
Purchase price 100,000

Date RPI Time since purchase (months)

2000 JUN 171.1 0
2000 JUL 170.5 1
2000 AUG 170.5 2
2000 SEP 171.7 3
2000 OCT 171.6 4
2000 NOV 172.1 5
2000 DEC 172.2 6
2001 JAN 171.1 7
2001 FEB 172 8
2001 MAR 172.2 9
2001 APR 173.1 10
2001 MAY 174.2 11
2001 JUN 174.4 12
2001 JUL 173.3 13
2001 AUG 174 14
2001 SEP 174.6 15
2001 OCT 174.3 16
2001 NOV 173.6 17
2001 DEC 173.4 18
2002 JAN 173.3 19
2002 FEB 173.8 20
2002 MAR 174.5 21
2002 APR 175.7 22
2002 MAY 176.2 23
2002 JUN 176.2 24
2002 JUL 175.9 25
2002 AUG 176.4 26
2002 SEP 177.6 27
2002 OCT 177.9 28
2002 NOV 178.2 29
2002 DEC 178.5 30
2003 JAN 178.4 31
2003 FEB 179.3 32
2003 MAR 179.9 33
2003 APR 181.2 34
2003 MAY 181.5 35
2003 JUN 181.3 36
2003 JUL 181.3 37
2003 AUG 181.6 38
2003 SEP 182.5 39
2003 OCT 182.6 40
2003 NOV 182.7 41
2003 DEC 183.5 42
2004 JAN 183.1 43
2004 FEB 183.8 44
2004 MAR 184.6 45
2004 APR 185.7 46
2004 MAY 186.5 47
2004 JUN 186.8 48
2004 JUL 186.8 49
2004 AUG 187.4 50
2004 SEP 188.1 51
2004 OCT 188.6 52
2004 NOV 189 53
2004 DEC 189.9 54
2005 JAN 188.9 55
2005 FEB 189.6 56
2005 MAR 190.5 57
2005 APR 191.6 58
2005 MAY 192 59
2005 JUN 192.2 60
2005 JUL 192.2 61
2005 AUG 192.6 62
2005 SEP 193.1 63
2005 OCT 193.3 64
2005 NOV 193.6 65
2005 DEC 194.1 66
2006 JAN 193.4 67
2006 FEB 194.2 68
2006 MAR 195 69
2006 APR 196.5 70
2006 MAY 197.7 71
2006 JUN 198.5 72
2006 JUL 198.5 73
2006 AUG 199.2 74
2006 SEP 200.1 75
2006 OCT 200.4 76
2006 NOV 201.1 77
2006 DEC 202.7 78
2007 JAN 201.6 79
2007 FEB 203.1 80
2007 MAR 204.4 81
2007 APR 205.4 82
2007 MAY 206.2 83
2007 JUN 207.3 84
2007 JUL 206.1 85
2007 AUG 207.3 86
2007 SEP 208 87
2007 OCT 208.9 88
2007 NOV 209.7 89
2007 DEC 210.9 90
2008 JAN 209.8 91
2008 FEB 211.4 92
2008 MAR 212.1 93
2008 APR 214 94
2008 MAY 215.1 95
2008 JUN 216.8 96
2008 JUL 216.5 97
2008 AUG 217.2 98
2008 SEP 218.4 99
2008 OCT 217.7 100
2008 NOV 216 101
2008 DEC 212.9 102
2009 JAN 210.1 103
2009 FEB 211.4 104
2009 MAR 211.3 105
2009 APR 211.5 106
2009 MAY 212.8 107
2009 JUN 213.4 108
2009 JUL 213.4 109
2009 AUG 214.4 110
2009 SEP 215.3 111
2009 OCT 216 112
2009 NOV 216.6 113
2009 DEC 218 114
2010 JAN 217.9 115
2010 FEB 219.2 116
2010 MAR 220.7 117
2010 APR 222.8 118
2010 MAY 223.6 119
2010 JUN 224.1 120
ual to £100,000 by changing cell B3
al to £100,000 by changing cell B4

[4] [1] [1]

Annuity payment (money terms) Discount factor (money rate) PV of annuity payment (money terms)

833.33 0.9964 830.31

833.33 0.9928 827.30
833.33 0.9892 824.30
833.33 0.9856 821.31
833.33 0.9820 818.34
833.33 0.9784 815.37
833.33 0.9749 812.41
833.33 0.9714 809.47
833.33 0.9678 806.53
833.33 0.9643 803.61
833.33 0.9608 800.69
833.33 0.9574 797.79
875.00 0.9539 834.64
875.00 0.9504 831.62
875.00 0.9470 828.60
875.00 0.9435 825.60
875.00 0.9401 822.61
875.00 0.9367 819.62
875.00 0.9333 816.65
875.00 0.9299 813.69
875.00 0.9266 810.74
875.00 0.9232 807.80
875.00 0.9199 804.87
875.00 0.9165 801.95
918.75 0.9132 839.00
918.75 0.9099 835.96
918.75 0.9066 832.93
918.75 0.9033 829.91
918.75 0.9000 826.90
918.75 0.8968 823.90
918.75 0.8935 820.91
918.75 0.8903 817.94
 918.75 0.8870 814.97
918.75 0.8838 812.02
918.75 0.8806 809.07
918.75 0.8774 806.14
964.69 0.8742 843.38
964.69 0.8711 840.32
964.69 0.8679 837.27
964.69 0.8648 834.24
964.69 0.8616 831.21
964.69 0.8585 828.20
964.69 0.8554 825.20
964.69 0.8523 822.20
964.69 0.8492 819.22
964.69 0.8461 816.25
964.69 0.8431 813.29
964.69 0.8400 810.35
1,012.92 0.8370 847.78
1,012.92 0.8339 844.70
1,012.92 0.8309 841.64
1,012.92 0.8279 838.59
1,012.92 0.8249 835.55
1,012.92 0.8219 832.52
1,012.92 0.8189 829.50
1,012.92 0.8160 826.49
1,012.92 0.8130 823.50
1,012.92 0.8100 820.51
1,012.92 0.8071 817.54
1,012.92 0.8042 814.57
1,063.57 0.8013 852.20
1,063.57 0.7984 849.11
1,063.57 0.7955 846.03
1,063.57 0.7926 842.97
1,063.57 0.7897 839.91
1,063.57 0.7868 836.86
1,063.57 0.7840 833.83
1,063.57 0.7812 830.81
1,063.57 0.7783 827.79
1,063.57 0.7755 824.79
1,063.57 0.7727 821.80
1,063.57 0.7699 818.82
1,116.75 0.7671 856.65
1,116.75 0.7643 853.54
1,116.75 0.7615 850.45
1,116.75 0.7588 847.36
1,116.75 0.7560 844.29
1,116.75 0.7533 841.23
1,116.75 0.7506 838.18
1,116.75 0.7478 835.14
1,116.75 0.7451 832.11
1,116.75 0.7424 829.10
1,116.75 0.7397 826.09
1,116.75 0.7370 823.10
1,172.58 0.7344 861.12
1,172.58 0.7317 858.00
1,172.58 0.7291 854.88
1,172.58 0.7264 851.79
1,172.58 0.7238 848.70
1,172.58 0.7212 845.62
1,172.58 0.7185 842.55
1,172.58 0.7159 839.50
1,172.58 0.7133 836.46
1,172.58 0.7108 833.42
1,172.58 0.7082 830.40
1,172.58 0.7056 827.39
1,231.21 0.7031 865.61
1,231.21 0.7005 862.47
1,231.21 0.6980 859.35
1,231.21 0.6954 856.23
1,231.21 0.6929 853.13
1,231.21 0.6904 850.03
1,231.21 0.6879 846.95
1,231.21 0.6854 843.88
1,231.21 0.6829 840.82
1,231.21 0.6804 837.77
1,231.21 0.6780 834.73
1,231.21 0.6755 831.71
1,292.77 0.6731 870.13
1,292.77 0.6706 866.97
1,292.77 0.6682 863.83
1,292.77 0.6658 860.70
1,292.77 0.6634 857.58
1,292.77 0.6610 854.47
1,292.77 0.6586 851.37
1,292.77 0.6562 848.28
1,292.77 0.6538 845.21
1,292.77 0.6514 842.14
1,292.77 0.6491 839.09
1,292.77 0.6467 836.05

Total PV (money terms) 100,000.00

 [4] [1] [1]
Annuity payment (real terms) Discount factor (real rate) PV of annuity payment (real terms)

836.27 0.9984 834.91

836.27 0.9968 833.56
830.42 0.9952 826.39
830.91 0.9935 825.54
828.49 0.9919 821.81
828.01 0.9903 820.00
833.33 0.9887 823.93
828.97 0.9871 818.30
828.01 0.9855 816.02
823.70 0.9839 810.46
818.50 0.9823 804.04
817.56 0.9807 801.82
863.89 0.9792 845.88
860.42 0.9776 841.12
857.46 0.9760 836.87
858.94 0.9744 836.95
862.40 0.9728 838.97
863.39 0.9713 838.57
863.89 0.9697 837.70
861.41 0.9681 833.94
857.95 0.9665 829.25
852.09 0.9650 822.25
849.67 0.9634 818.59
849.67 0.9619 817.26
893.68 0.9603 858.20
891.15 0.9587 854.38
885.12 0.9572 847.23
883.63 0.9556 844.43
882.14 0.9541 841.65
880.66 0.9525 838.87
881.16 0.9510 837.98
876.73 0.9495 832.43
873.81 0.9479 828.31
867.54 0.9464 821.03
866.11 0.9449 818.35
867.06 0.9433 817.93
910.41 0.9418 857.43
908.91 0.9403 854.63
904.43 0.9388 849.04
903.93 0.9372 847.20
903.44 0.9357 845.36
899.50 0.9342 840.32
901.46 0.9327 840.79
898.03 0.9312 836.23
894.14 0.9297 831.26
888.84 0.9282 824.99
885.03 0.9267 820.13
883.61 0.9252 817.48
927.79 0.9237 856.97
924.82 0.9222 852.84
921.38 0.9207 848.29
918.93 0.9192 844.67
916.99 0.9177 841.52
912.64 0.9162 836.18
917.47 0.9147 839.24
914.09 0.9132 834.79
909.77 0.9118 829.50
904.55 0.9103 823.40
902.66 0.9088 820.36
901.72 0.9073 818.18
946.81 0.9059 857.69
944.84 0.9044 854.53
942.40 0.9029 850.93
941.42 0.9015 848.68
939.96 0.9000 845.99
937.54 0.8986 842.44
940.93 0.8971 844.12
937.06 0.8957 839.29
933.21 0.8942 834.49
926.09 0.8928 826.78
920.47 0.8913 820.43
916.76 0.8899 815.80
962.60 0.8884 855.20
959.21 0.8870 850.82
954.90 0.8856 845.62
953.47 0.8841 842.99
950.15 0.8827 838.69
 942.65 0.8813 830.72
947.79 0.8798 833.90
940.79 0.8784 826.41
934.81 0.8770 819.82
930.26 0.8756 814.51
926.65 0.8742 810.03
921.73 0.8727 804.43
973.45 0.8713 848.19
967.82 0.8699 841.92
964.56 0.8685 837.73
960.41 0.8671 832.77
956.74 0.8657 828.25
951.30 0.8643 822.20
956.29 0.8629 825.17
949.05 0.8615 817.60
945.92 0.8601 813.58
937.52 0.8587 805.06
932.72 0.8573 799.64
925.41 0.8559 792.09
973.03 0.8545 831.49
969.89 0.8532 827.47
964.56 0.8518 821.59
967.66 0.8504 822.90
975.28 0.8490 828.03
989.48 0.8476 838.73
1,002.67 0.8463 848.53
996.50 0.8449 841.95
996.97 0.8435 840.98
996.03 0.8422 838.83
989.95 0.8408 832.35
987.16 0.8394 828.67
1,036.52 0.8381 868.69
1,031.69 0.8367 863.24
1,027.37 0.8354 858.24
1,024.04 0.8340 854.08
1,021.21 0.8327 850.33
1,014.65 0.8313 843.50
1,015.11 0.8300 842.52
1,009.09 0.8286 836.17
1,002.24 0.8273 829.14
992.79 0.8260 820.00
989.24 0.8246 815.74
987.03 0.8233 812.60

Total PV (real terms) 100,000.00

(vi) Price paid for fixed-interest and index-linked bonds
Annual real yield convertible half-yearly 4%
Effective half-yearly yield 2% [1]
FI bond coupon rate 6%
FI bond redemption rate 104%
IL bond coupon rate 3%
IL bond redemption rate 100%

[1]
Time (half-years) Date RPI
-0.500 2010 JAN 217.9
-0.333 2010 FEB 219.2
-0.167 2010 MAR 220.7
DATE OF ISSUE 0.000 2010 APR 222.8
0.167 2010 MAY 223.6
0.333 2010 JUN 224.1
0.500 2010 JUL 223.6
0.667 2010 AUG 224.5
0.833 2010 SEP 225.3
1.000 2010 OCT 225.8
1.167 2010 NOV 226.8
1.333 2010 DEC 228.4
1.500 2011 JAN 229
1.667 2011 FEB 231.3
1.833 2011 MAR 232.5
2.000 2011 APR 234.4
2.167 2011 MAY 235.2
2.333 2011 JUN 235.2
2.500 2011 JUL 234.7
2.667 2011 AUG 236.1
2.833 2011 SEP 237.9
3.000 2011 OCT 238
3.167 2011 NOV 238.5
3.333 2011 DEC 239.4
3.500 2012 JAN 238
3.667 2012 FEB 239.9
3.833 2012 MAR 240.8
4.000 2012 APR 242.5
4.167 2012 MAY 242.4
4.333 2012 JUN 241.8
4.500 2012 JUL 242.1
4.667 2012 AUG 243
4.833 2012 SEP 244.2
5.000 2012 OCT 245.6
5.167 2012 NOV 245.6
5.333 2012 DEC 246.8
5.500 2013 JAN 245.8
5.667 2013 FEB 247.6
5.833 2013 MAR 248.7
6.000 2013 APR 249.5
6.167 2013 MAY 250
6.333 2013 JUN 249.7
6.500 2013 JUL 249.7
6.667 2013 AUG 251
6.833 2013 SEP 251.9
7.000 2013 OCT 251.9
7.167 2013 NOV 252.1
7.333 2013 DEC 253.4
7.500 2014 JAN 252.6
7.667 2014 FEB 254.2
7.833 2014 MAR 254.8
8.000 2014 APR 255.7
 [1] [1]
FI bond coupon FI bond redemption Total FI bond cashflow (money terms)

- - -
- - -
- - -
- - -
- - -
3.00 - 3.00
- - -
- - -
- - -
- - -
- - -
3.00 - 3.00
- - -
- - -
- - -
- - -
- - -
3.00 - 3.00
- - -
- - -
- - -
- - -
- - -
3.00 - 3.00
- - -
- - -
- - -
- - -
- - -
3.00 - 3.00
- - -
- - -
- - -
- - -
 - - -
3.00 - 3.00
- - -
- - -
- - -
- - -
- - -
3.00 - 3.00
- - -
- - -
- - -
- - -
- - -
3.00 104.00 107.00
 [2] [1]
Total FI bond cashflow (real terms) Discount factor PV FI bond cashflow
- 0.9967
- 0.9934
- 0.9901
- 0.9869
- 0.9836
2.96 0.9804
- 0.9772
- 0.9739
- 0.9707
- 0.9675
- 0.9643
2.85 0.9612
- 0.9580
- 0.9548
- 0.9517
- 0.9486
- 0.9454
2.81 0.9423
- 0.9392
- 0.9361
- 0.9330
- 0.9300
- 0.9269
2.76 0.9238
- 0.9208
- 0.9178
- 0.9147
- 0.9117
- 0.9087
2.72 0.9057
- 0.9027
- 0.8998
- 0.8968
- 0.8939
[4]
Il bond coupon
- -
- -
- -
- -
- -
2.90 1.54
- -
- -
- -
- -
- -
2.74 1.58
- -
- -
- -
- -
- -
2.65 1.62
- -
- -
- -
- -
- -
2.55 1.64
- -
- -
- -
- -
- -
2.46 1.67
- -
- -
- -
- -
 - 0.8909 - -
2.68 0.8880 2.38 1.69
- 0.8850 - -
- 0.8821 - -
- 0.8792 - -
- 0.8763 - -
- 0.8734 - -
2.65 0.8706 2.31 1.72
- 0.8677 - -
- 0.8648 - -
- 0.8620 - -
- 0.8591 - -
- 0.8563 - -
93.23 0.8535 79.57 1.74

FI bond price £ 97.56 [2]

 [1] [2]
IL bond redemption Total IL bond cashflow (money terms) Total IL bond cashflow (real terms)

- - -
- - -
- - -
- - -
- - -
- 1.54 1.52
- - -
- - -
- - -
- - -
- - -
- 1.58 1.50
- - -
- - -
- - -
- - -
- - -
- 1.62 1.51
- - -
- - -
- - -
- - -
- - -
- 1.64 1.51
- - -
- - -
- - -
- - -
- - -
- 1.67 1.51
- - -
- - -
- - -
- - -
 - - -
- 1.69 1.51
- - -
- - -
- - -
- - -
- - -
- 1.72 1.52
- - -
- - -
- - -
- - -
- - -
115.92 117.66 102.52

IL bond price
PV IL bond cashflow

-
-
-
-
-
1.49
-
-
-
-
-
1.44
-
-
-
-
-
1.43
-
-
-
-
-
1.39
-
-
-
-
-
1.37
-
-
-
-
 -
1.34
-
-
-
-
-
1.32
-
-
-
-
-
87.50

£ 97.28 [2]
(i) Annual rate of inflation for each month from January 1988 to January 2017
(a) Number of months when the annual rate of inflation over the previous year was negative = 8
(b) Highest annual rate of inflation: 10.89%
(c) Lowest annual rate of inflation: -1.57%

(ii) Graph of annual rate of inflation

Year Annual rate of inflation
1987 3.30% Annual rate of inflation for calendar years
1988 7.45%
10.00%
1989 7.66%
1990 8.95%
8.00%
1991 4.15%

Annual rate of inflation

1992 1.70%
6.00%
1993 2.47%
1994 3.33%
4.00%
1995 2.88%
1996 2.80% 2.00%
1997 3.30%
1998 2.45% 0.00%
1999 1.96%
2000 2.70%
2001 1.29% Year
2002 2.94%
2003 2.63%
2004 3.17%
2005 2.38%
2006 4.24%
2007 4.07%
2008 0.14%
2009 3.71%
2010 5.09%
2011 3.93%
2012 3.28%
2013 2.77%
2014 1.11%
2015 1.33%
2016 2.59%

(iv) Accumulated value of rental payments

Total AV at April 2017 24,509,023
(v) Money and real rates of return
Money rate of return 4.45%
Real rate of return 1.96%

(vi) Price paid for fixed-interest and index-linked bonds

FI bond price £ 97.56
IL bond price £ 97.28
uary 2017

n for calendar years 1987- 2016

ear