Mean deviation and Retail Prices Index: Difference between pages

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imported>Doug Williamson
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''Statistics''.
''Inflation measures - UK.''
Average of the deviations of all items from the mean (treating all of the deviations as positive in the calculation).
 
(RPI).  
 
Historically, RPI was the primary measure of consumer price inflation in the UK, calculated as the change from month to month in the prices of a standard basket of retail goods and services.
 
RPI was superseded as the primary measure in the UK by the Consumer Prices Index (CPI) and the (CPIH).
 


== See also ==
== See also ==
* [[Mean]]
* [[Consumer Prices Index]]
* [[Standard deviation]]
* [[CPIH]]
* [[Limited Price Indexation]]
* [[RPI]]


[[Category:The_business_context]]

Revision as of 15:31, 24 April 2019

Inflation measures - UK.

(RPI).

Historically, RPI was the primary measure of consumer price inflation in the UK, calculated as the change from month to month in the prices of a standard basket of retail goods and services.

RPI was superseded as the primary measure in the UK by the Consumer Prices Index (CPI) and the (CPIH).


See also