Retail Prices Index
Retail Prices Index (RPI)
The main domestic measure of inflation in the UK, published by the Office for National Statistics. It measures the average change from month to month in the prices of goods and services purchased by most households in the UK. The government uses the RPI for uprating of pensions, benefits and index-linked gilts. It is commonly used in private contracts for uprating of maintenance payments and housing rents. It is also used for wage bargaining.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Retail Prices Index — ( RPI) An inflationary indicator that measures the prices of a representative sample of household goods and services. It is a general indicator which is used to measure the rise or fall in the cost of living …   Financial and business terms

  • retail price index — /ˌri:teɪl praɪs ˌɪndeks/, retail prices index /ˌri:teɪl praɪsɪz ˌɪndeks/ noun an index which shows how prices of consumer goods have increased or decreased over a period of time. Abbreviation RPI COMMENT: In the UK, the RPI is calculated on a… …   Dictionary of banking and finance

  • retail price index — retail price .index n abbreviation RPI the retail price index a list of certain goods and services and how much their prices change each month …   Dictionary of contemporary English

  • retail price index — noun an index of changes in retail prices • Hypernyms: ↑price index, ↑price level * * * retail price index noun A monthly index of the retail prices of specific household goods and services, used as a measure of the rate of inflation (abbrev RPI) …   Useful english dictionary

  • Retail Price Index — The measure of the rate of inflation in the United Kingdom, the Retail Price Index calculates the cost of buying a standard basket of goods and expresses this as a percentage of the base year index. For example, when the base year is 100 and the… …   Financial and business terms

  • retail price index — N PROPER: the N 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] The retail price index for September, to be released on Friday, is expected to show …   English dictionary

  • retail price index — Mktg a listing of the average levels of prices charged by retailers for goods or services. The retail price index is calculated on a set variety of items, and usually excludes luxury goods. It is updated monthly, and provides a running indicator… …   The ultimate business dictionary

  • Retail Price Index — RPI An index of the prices of goods and services in retail shops purchased by average households, expressed in percentage terms relative to a base year, which is taken as 100. For example, if 1987 is taken as the base year for the UK (i.e.… …   Accounting dictionary

  • Retail Price Index — RPI An index of the prices of goods and services in retail shops purchased by average households, expressed in percentage terms relative to a base year, which is taken as 100. For example, if 1987 is taken as the base year for the UK (i. e.… …   Big dictionary of business and management

  • retail price index — noun (in the UK) an index of the variation in the prices of retail goods and other items …   English new terms dictionary

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