retail price index Sentence Examples
- The retail price index (RPI) is a measure of price changes in the retail sector over time.
- The RPI is calculated by comparing the prices of a basket of goods and services from month to month.
- The RPI is used to track inflation and to adjust the value of pensions and benefits.
- The RPI is also used to set the retail price cap, which is a limit on the prices that can be charged for certain goods and services.
- The RPI has been criticized for overestimating inflation, as it includes mortgage payments and other costs that are not directly related to the retail sector.
- The government is considering changing the way the RPI is calculated to make it more accurate.
- The RPI is an important economic indicator that is used by businesses, governments, and consumers.
- The RPI can be used to compare the cost of living in different regions and over time.
- The RPI can also be used to track the performance of different sectors of the economy.
- The RPI is a valuable tool that can be used to understand the economy and make informed decisions.
retail price index Meaning
Wordnet
retail price index (n)
an index of changes in retail prices
Synonyms & Antonyms of retail price index
No Synonyms and anytonyms found
FAQs About the word retail price index
an index of changes in retail prices
No synonyms found.
No antonyms found.
The retail price index (RPI) is a measure of price changes in the retail sector over time.
The RPI is calculated by comparing the prices of a basket of goods and services from month to month.
The RPI is used to track inflation and to adjust the value of pensions and benefits.
The RPI is also used to set the retail price cap, which is a limit on the prices that can be charged for certain goods and services.
