Retail Price Index

Retail Price Index
(abbr the RPI)
a figure published by the British government every month which shows the change in the overall cost of goods and services bought by an average household. It is used to calculate the rate of inflation.

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Universalium. 2010.

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  • 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 — 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 — 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, the — retail price ,index, the noun BRITISH the CONSUMER PRICE INDEX …   Usage of the words and phrases in modern English

  • 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 — 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 abbreviation RPI — noun (singular) an official system of numbers that shows changes in the cost of living in Britain each month, based on the price of goods and services bought by an average person see also: consumer price index …   Longman dictionary of contemporary English

  • 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

  • the retail price index — Brit : ↑consumer price index • • • Main Entry: ↑retail price index …   Useful english dictionary

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