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Retail Price Index

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Retail Price Index
A measure of inflation that considers what people spend on staple goods and services. It is calculated by taking the average of changes in price to a basket of goods and services compiled by the appropriate government agency. The goods and services in the basket are weighted according to their perceived importance. The RPI was considered a primary tool in determining how people are experiencing inflation, but it has largely been superseded by the Consumer Price Index. It is primarily used today in the British news media.


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7% year-on-year rise recorded in March and lower than the Retail Price Index (RPI) measure of inflation.
The usual measure of underlying inflation - the Retail Price Index (RPIX) - is predicted to have dipped again last month after June's 0.
 
 
 
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