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retail price index

British  

noun

  1.  RPI.  (in Britain) a list, based on government figures and usually published monthly, that shows the extent of change in the prices of a range of goods selected as being essential items in the budget of a normal household

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

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 7 percent.

From New York Times • Jun. 21, 2022

In England, students are currently charged 5.6% on their student loans while they are studying - which is the retail price index plus 3%.

From BBC • Feb. 2, 2021

However, the link will be to the consumer price index rather than the retail price index, currently the lower of the two measures of inflation.

From The Guardian • Jun. 24, 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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