consumer price index

SMART Vocabulary: related words and phrases

Costs & expenses
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aliment
all in
at cost
at someone's expense
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price point
pricing
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remittance
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RPI
spend
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tune
upkeep

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Economics

retail price index | Business English

retail price index
noun[ C,usually singular ]
 ECONOMICSukus(abbreviationRPI)
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/decreasesThe Retail Price Index (RPI) increased by 0.4% in May to an annual rate of 2.8%.
See also