Retail Prices Index

An older measure of inflation that is still used in some contracts and uprating calculations.

Abbreviation: RPI

Also used as: RPI, Retail Price Index, retail prices index

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The Retail Prices Index is an older measure of inflation that is still used in some contracts, rail fare calculations, index-linked gilts and other uprating arrangements. Although it is no longer the main official consumer inflation measure, it still appears in policy, finance and public spending discussions.

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