UCEA uses CPIH (Consumer Price Inflation including owner-occupiers’ Housing costs) to calculate Higher Education pay (Employers’ Statement 2018-19, 23 March 2018, p.2). But USS uses RPI+1% (Retail Prices Index) to calculate pensions deficit and UK government uses RPI+3% to set student loans interest rate. Because RPI (March 2018, 3.3%) is higher than CPIH (March 2018, 2.3%).











