Retail Price Index

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Related to Retail Price Index: consumer price index

Retail Price Index (RPI)

an index which measures the monthly change in the retail prices of a collection (basket) of typical goods and services bought by private households. It has been constructed since 1947. See also INDEX NUMBER, STANDARD OF LIVING.
References in periodicals archive ?
The ceiling will be linked with the retail price index and in the meantime officials will work on minor adjustments such as removing anomalies over prizemoney.
The bond offers a three or five-year fixed rate term, paying interest based on the Retail Price Index (RPI), plus a guaranteed 0.
The cost of goods as measured by the Retail Price Index rose by 7.
With justification pension fund managers have reacted angrily to the Government's attempt to force private pension schemes to use the consumer price index (CPI) rather than the retail price index (RPI) to set minimum annual pension increases.
5 percent and the retail price index stepped down 0.
University graduates pay back money to the Student Loans Company with interest levels based on the March Retail Price Index.
The NUT, which has 255,000 members, is calling for a rise equivalent to the retail price index measure of inflation - currently about 4 per cent.
7 per cent year-on-year rise recorded in March and lower than the Retail Price Index (RPI) measure of inflation.
I understanding the cost of goods and services is different from the inflation level described as the retail price index.