The government is coming under intense pressure to either abandon or fix the “grossly unfair” retail prices index inflation measure, which MPs say is penalising students and rail passengers.

In a rare combined letter from parliamentarians in the House of Commons and the House of Lords, RPI was described as “absurd” and its continued use was labelled “a ridiculous merry-go-round”.

In the letter sent to the head of the UK Statistics Authority, John Pullinger, the House of Commons Treasury select committee and the House of Lords economic affairs committee said the authority was “continuing to publish a statistic you openly admit is flawed”.

It urged Pullinger to seek…

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