retail price index
Britishnoun
Example Sentences
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One is the retail price index - the RPI measure of inflation - and the other is the Bank of England base rate, plus 1%.
From BBC ● Nov. 2, 2023
A day earlier, Mr. Lynch told Sky News that a deal should have been done in December, when the retail price index, a measure of inflation, was at about 7 percent.
From New York Times ● Jun. 21, 2022
Unite said the pay rise offered by the firm was "well below" the current retail price index rate of inflation which is 6%.
From BBC ● Dec. 5, 2021
And my living costs are going up, with inflation now at 5.1% on the retail price index, so this means that freezing my pay will reduce my living standards.
From The Guardian ● Jun. 22, 2010
Fifty thousand pounds in modern money, using a retail price index, but £725,000 in modern money using an average wage multiplier.
From "The Invention of Science" by David Wootton
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