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Home » Forex Glossary » Retail Prices Index (RPI) - UK

Retail Prices Index (RPI) - UK

Gauges the price change in goods and services for household consumption in the United Kingdom. The Retail Price Index (RPI) is calculated by sampling such retail goods as food, tobacco, household goods and services, transport fares, motoring costs, clothing and leisure goods and services. The RPI can indicate inflationary pressures. For example if the RPI figure increases it indicates inflation, whereas a decrease indicates deflation. In the RPI report the headline figure is the index's percent change from following quarters and the actual RPI figures in the index are used for indexation of state benefits and pensions. However after late 2003 the UK government has used the CPI instead for the RPI to set inflation targets.