Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “retail price index”

See all translations

retail price index

noun [C, usually singular]
 
 
( abbreviation RPI) ECONOMICS
in the UK, a list of the prices of some basic goods and services, showing how they change over time, as a way of measuring inflation: Interest payments are increased in line with changes in the retail price index. The retail price index was up 3.6% from a year earlier.the retail price index increases/decreases The Retail Price Index (RPI) increased by 0.4% in May to an annual rate of 2.8%. →  See also consumer price index , cost of living index
Translations of “retail price index”
in Chinese (Traditional) 零售物價指數…
in Chinese (Simplified) 零售物价指数…
(Definition of retail price index from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of retail price index?
Add Cambridge dictionaries to your browser to your website

Definitions of “retail price index” in other dictionaries

Word of the Day

exercise

physical activity that you do to make your body strong and healthy

Word of the Day

Byronic, Orwellian and Darwinian: adjectives from names.

by Liz Walter,
April 15, 2015
Becoming an adjective is a strange kind of memorial, but it is often a sign of a person having had real influence on the world. Science is full of examples, from Hippocrates, the Greek medic born around 460 BC, who gave his name to the Hippocratic Oath still used by doctors today,

Read More 

bio-inspiration noun

April 13, 2015
the adoption of patterns and structures found in nature for the purposes of engineering, manufacturing, science, etc. The MIT researchers actually aren’t the only robotics team to turn to cheetahs for bio-inspiration.

Read More