Retail Prices Index: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Change tense to past.)
imported>Doug Williamson
(Simplify final sentence.)
Line 1: Line 1:
''Inflation measures - UK.''
(RPI).  
(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.  
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.  


Different goods and services were included in the RPI compared with the UK Consumer Prices Index (CPI) and the method of calculation of the two indices was different.  
RPI was superseded as the primary measure in the UK by the Consumer Prices Index (CPI) and the (CPIH).





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RPI was superseded as the primary measure in the UK by the Consumer Prices Index (CPI) and the (CPIH).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