retail price index

Definitions

Accounting

Economics

  • noun an index showing how prices of consumer goods have increased or decreased over a period of time. In the UK, the RPI is calculated on a series of essential goods and services. It includes both VAT and mortgage interest. The US equivalent is the Consumer price Index.

Forex

  • (written as Retail Price Index)
    A UK economic indicator released by the Office of National Statistics on a monthly basis that measures price changes of goods and services bought by individuals for consumption. If the UK Retail Price Index (RPI) rises more than expected, it tends to have a positive effect on the Pound Sterling in the forex market.
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