In the United Kingdom, the Retail Prices Index or Retail Price Index[1] (RPI) is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services.
As the RPI was held not to meet international statistical standards, since 2013, the Office for National Statistics no longer classifies it as a "national statistic", emphasising the Consumer Price Index instead.[2][3] However, as of 2018, the UK Treasury still uses the RPI measure of inflation for various index-linked tax rises.[4]
- ^ "Finance Bill — Rates of duty, etc.: reference to Retail Price Index". The Public Whip. 18 July 2000. Archived from the original on 21 August 2017. Retrieved 8 May 2018.
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National Statistician announces outcome of consultation on RPIwas invoked but never defined (see the help page). - ^ "Pub industry in plea over Budget tax rise". BBC News. 12 October 2018.
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