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What (who) is retail price index - definition
UNITED KINGDOM MEASURE OF INFLATION
Retail-price index; Retail price index (united kingdom); Retail Prices Index; Retail Price Index (United Kingdom); Retail prices index; Retail Prices Index (United Kingdom); RPIJ; Retail price index (UK); Retail price index; Retail price inflation
![CPI]] with the [[Average Earnings Index]] also included](https://commons.wikimedia.org/wiki/Special:FilePath/UKinflation.png?width=200 "CPI]] with the [[Average Earnings Index]] also included")
retail price index
The retail price index is a list of the prices of typical goods which shows how much the cost of living changes from one month to the next. (BRIT BUSINESS; in AM, use cost-of-living index
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The retail price index for September is expected to show inflation edging up to about 10.8 per cent.
N-PROPER: the N
retail price index
¦ noun (in the UK) an index of the variation in the prices of retail goods and other items.
Retail Price Index
In the United Kingdom, the Retail Prices Index or Retail Price Index (RPI) is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.
Wikipedia
Retail Price Index
In the United Kingdom, the Retail Prices Index or Retail Price Index (RPI) is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.
As the RPI was held not to meet international statistical standards, since 2013 the Office for National Statistics no longer classifies it as a "national statistic", emphasising the Consumer Price Index instead. However, as of 2018 the UK Treasury still uses the RPI measure of inflation for various index-linked tax rises.
Examples of use of retail price index
1. The retail price index is "almost universally" used in the private sector, IDS says.
2. The interest rate is based on the retail price index and fixed for the year.
3. The Retail Price Index rose by 6.46 per cent while the price of cigarettes went up by 12.4' per cent.
4. The broader measure of the cost of living, the retail price index, eased slightly from 4.3 to 4 per cent because mortgage costs rose less steeply.
5. The predictions followed the announcement that the Retail Price Index was 4.4 per cent last month – up from May‘s 4.3 per cent.