What does retail price index mean?
Definitions for retail price index
re·tail price in·dex
This dictionary definitions page includes all the possible meanings, example usage and translations of the word retail price index.
Princeton's WordNet
retail price indexnoun
an index of changes in retail prices
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.
ChatGPT
retail price index
The Retail Price Index (RPI) is a measure of inflation that is used to track the changes in the cost of a predefined basket of retail goods and services over time. It is calculated by comparing the costs of these goods and services at different periods of time. This index is often used to adjust pensions and wages to account for changes in the cost of living, among other uses.
Matched Categories
Numerology
Chaldean Numerology
The numerical value of retail price index in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of retail price index in Pythagorean Numerology is: 1
Translations for retail price index
From our Multilingual Translation Dictionary
- détail indice des prixFrench
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"retail price index." Definitions.net. STANDS4 LLC, 2024. Web. 25 Apr. 2024. <https://www.definitions.net/definition/retail+price+index>.
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