retail price index Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “retail price index” in the English Dictionary

"retail price index" in British English

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retail price indexnoun [C usually singular]

uk   us   (abbreviation RPI) UK
a ​measurement of the ​changes in the ​cost of ​basicgoods and ​services
(Definition of retail price index from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"retail price index" in Business English

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retail price indexnoun [C, usually singular]

uk   us   ( 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 ​measuringinflation: Interest ​payments are ​increased in ​line with ​changes in the ​retailpriceindex. The ​retailpriceindex 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 ​annualrate of 2.8%.
(Definition of retail price index from the Cambridge Business English Dictionary © Cambridge University Press)
Translations of “retail price index”
in Chinese (Simplified) 零售物价指数…
in Chinese (Traditional) 零售物價指數…
What is the pronunciation of retail price index?
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