RPIX


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RPIX

A measure of inflation. It measures price changes to what the average family buys, but excludes changes to the interest paid on mortgages. The RPIX was the primary gauge of inflation in the United Kingdom between 1992 and 2003.

RPIX

see RETAIL PRICE INDEX.

RPIX

see RETAIL PRICE INDEX.
References in periodicals archive ?
The Institute RPIX forecast is also significantly better than the same outturn based naive forecast.
The new target is 1/2 percentage point below the RPIX-based target, reflecting differences in the way that RPIX and CPI inflation are measured.
There have been substantial falls in the consensus one-year ahead RPIX inflation forecast (3) since the new monetary arrangements were put into place.
In reality, the actual target of Bank of England policy is the expectation of RPIX inflation in the domestic economy.
The question can be addressed by investigating the recent behaviour of RPIX and HARP Figure 1 shows the recent behavior of 12-month percentage changes of the two indexes, and the table below shows means and standard deviations.
The Bank of England has published density forecasts for RPIX inflation from 1993Q1.
For that reason the formula used to calculate CPI inflation is superior to the formula used in RPIX.
In October, for example, RPIX, which takes account of the housing boom, showed an annualised inflation rate of 2.
If RPIX inflation deviates more than 1 per cent from the central target, the Governor of the Bank of England is expected to provide a written explanation to the Chancellor of the Exchequer as to why the inflation target has been missed.
5 per cent RPIX inflation rate currently aimed at by the Bank of England, roughly the gap between the two measures over time, the source said.
RPIX inflation is likely to remain above the Government's target of 2.
In its latest inflation report, the bank predicted RPIX would fall below target by next year despite the weakness of the pound.