What is RPI in economics?
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Hereof, what is included in RPI?
RPI is currenly used to index various prices and incomes including tax allowances, state benefits, pensions and index-linked gilts. Like CPI, it looks at the prices of items we spend money on, but it includes housing costs - such as council tax - and mortgage interest payments.
Subsequently, question is, what is current rate of RPI? The Consumer Prices Index (CPIH), which includes owner occupiers' housing costs, for the 12-month period to July 2017, remained unchanged, at 2.6%, according to ONS figures released on 14th August, 2017. In contrast, the RPI, which is widely used as a cost of living index, rose to 3.6%, up from 3.5% in June.
Accordingly, what is the RPI for 2019?
The RPI figure published in January 2019 is 2.7%.
What is meant by retail price index?
proper noun. The retail price index is a list of the prices of typical goods which shows how much the cost of living changes from one month to the next. [British, business] The retail price index for September showed inflation was up to about 10.8 per cent.