Performance bond and Retail Prices Index: Difference between pages

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imported>Doug Williamson
(Add Trade finance header.)
 
imported>Doug Williamson
(Expand definition. Source - Wikipedia - https://en.wikipedia.org/wiki/Retail_Price_Index)
 
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''Trade finance''.
''Inflation measures - UK.''


A bond is an instrument issued by a bank or an insurance company, in favour of a buyer, on behalf of a supplier, as additional assurance to the buyer that the supplier will perform its obligations under the supply contract.
(RPI).  


Such a bank bond or insurance company bond will be supported by an indemnity issued by the supplier in favour of the bank or insurance company.
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RPI was superseded as the primary inflation measure in the UK by the Consumer Prices Index (CPI) and the (CPIH).
 
 
However, it continues to be calculated and published by the UK's Office for National Statistics.


A performance bond can be called by the buyer in the event of any contract delays or defects in the supplier's performance of the contract.


== See also ==
== See also ==
* [[Bond]]
* [[Consumer Prices Index]]
* [[Indemnity]]
* [[CPIH]]
* [[Limited Price Indexation]]
* [[Office for National Statistics]]
* [[Retail mobility index]]
* [[RPI]]
* [[RPIX]]
 
[[Category:The_business_context]]

Revision as of 00:14, 12 August 2021

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RPI was superseded as the primary inflation measure in the UK by the Consumer Prices Index (CPI) and the (CPIH).


However, it continues to be calculated and published by the UK's Office for National Statistics.


See also