Definition of retail price index in English:

retail price index

Line breaks: re¦tail price index

noun

  • (In the UK) an index of the variation in the prices of retail goods and other items.
    More 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.

Get more from Oxford Dictionaries

Subscribe to remove ads and access premium resources

Word of the day maelstrom
Pronunciation: ˈmālˌsträm
noun
a powerful whirlpool in the sea