Editing Retail Price Index (section)

{{short description|United Kingdom measure of inflation}}
{{Use dmy dates|date=October 2015}}
In the United Kingdom, the '''Retail Prices Index''' or '''Retail Price Index'''<ref>{{cite web|url=http://www.publicwhip.org.uk/division.php?date=2000-07-18&number=275|title=Finance Bill — Rates of duty, etc.: reference to Retail Price Index |date=18 Jul 2000 |website=The Public Whip|access-date=8 May 2018|url-status=live|archive-url=https://web.archive.org/web/20170821170241/http://www.publicwhip.org.uk/division.php?date=2000-07-18&number=275|archive-date=21 August 2017|df=dmy-all}}</ref> ('''RPI''') is a measure of [[inflation]] published monthly by the [[Office for National Statistics]]. It measures the change in the cost of a [[representative sample]] of [[retail]] [[final good|goods]] and [[Service (economics)|services]].

As the RPI was held not to meet international statistical standards, since 2013, the Office for National Statistics no longer classifies it as a "national statistic", emphasising the [[Consumer Price Index (United Kingdom)|Consumer Price Index]] instead.<ref name=MoneyMarketing/><ref name="National Statistician announces outcome of consultation on RPI"/> However, as of 2018, the [[HM Treasury|UK Treasury]] still uses the RPI measure of inflation for various index-linked tax rises.<ref>{{cite news |url=https://www.bbc.co.uk/news/business-45828740 |title=Pub industry in plea over Budget tax rise |date=12 October 2018 |work=BBC News}}</ref>