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retail price index

Line breaks: re¦tail price index

Definition of retail price index in English:

noun

(In the UK) an index of the variation in the prices of retail goods and other items.
Example sentences
  • The change will not affect the payment of benefits, which will continue to be indexed to the retail price index.
  • A student loan starts accruing interest from the moment it is borrowed, but the interest rate is pegged to the retail price index.
  • What's more, house-price growth has easily outstripped inflation (rising prices) elsewhere, with the core retail price index up only 28% over the past ten years.

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