Consumer Prices Index: Difference between revisions
imported>Doug Williamson (NEW ENTRY - Created to show correct title of UK CPI with additional general definition see file: https://www.google.co.uk/#q=consumer+price+index+definition) |
imported>Doug Williamson m (Changed See Also to Retail Prices Index) |
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* [[Output price index]] | * [[Output price index]] | ||
* [[Producer Price Index]] | * [[Producer Price Index]] | ||
* [[Retail | * [[Retail Prices Index]] | ||
* [[Services Producer Price Index]] | * [[Services Producer Price Index]] | ||
* [[Treasury inflation-indexed securities]] | * [[Treasury inflation-indexed securities]] | ||
Revision as of 12:10, 18 April 2014
(CPI).
1.
The Consumer Prices Index is a leading measure of inflation in the UK, calculated as the change from month to month in the prices of a standard basket of consumer goods and services.
The CPI has replaced the Retail Prices Index (RPI) for a number of purposes as the primary measure of inflation in the UK. Previously known as the Harmonised Index of Consumer Prices (HICP).
2.
One of the leading inflation indices used in the US. Its uses include the limited indexation of certain US pensions.
3.
More generally, a statistical estimate constructed using the prices of a defined sample of representative consumer items, such as goods and services, whose prices are collected periodically. The index is compared to a base year to give an estimate of inflation.
