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What is the RPI figure for March 2021?

What is the RPI figure for March 2021?

1.5%

RPI inflation was 1.5% in March 2021 (Index: 296.9), up from 1.4% in the year to February 2021.

What was RPI in March 2022?

RPI inflation was 9.0% in March 2022 (Index: 323.5), up from 8.2% in the year to February.

How do you calculate RPI?

How to calculate the RPI? The ONS considers a “basket” of goods and services used for typical UK households. It computes each product’s share relative to its importance in the household budget and assigns a weight. The weights are multiplied by the price of each item to get the weighted cost.

What is RPI at the moment in the UK?

Annual inflation rate of the Retail Price Index in the United Kingdom from 2000 to 2026

Characteristic RPI inflation rate
2020 1.5%
2019 2.6%
2018 3.3%
2017 3.6%

What was RPI in April 2022?

RPI inflation was 11.1% in April 2022 (Index: 334.6), up from 9.0% in the year to March. CPIH inflation was 7.8% in April 2022 (Index: 119.0), up from 6.2% in the year to March.

What is the RPI increase for 2022?

CPIH inflation was 4.9% in January 2022 (Index: 114.6), up from 4.8% in the year to December 2021. CPI inflation was 5.5% in January 2022 (Index: 114.9), up from 5.4% in the year to December 2021. RPI inflation was 7.8% in January 2022 (Index: 317.7), up from 7.5% in the year to December 2021.

What is UK inflation rate March 2022?

7.0%
The Consumer Prices Index (CPI) rose by 9.0% in the 12 months to April 2022, up from 7.0% in March. On a monthly basis, CPI rose by 2.5% in April 2022, compared with a rise of 0.6% in April 2021.

What is the new RPI rate?

In August 2022, RPI was higher than CPI: RPI – 12.3% CPI – 9.9% CPIH – 8.6%

What is the current RPI 2022?

RPI inflation was 7.8% in January 2022 (Index: 317.7), up from 7.5% in the year to December 2021.

Is CPI or RPI higher?

What is the main difference between CPI and RPI? The retail prices index is the older measure of inflation between the two and typically comes out highest. In August 2022, RPI was higher than CPI: RPI – 12.3%

What is the current RPI rate 2022?

It tends to track higher than CPI because it includes mortgage interest payments. This means it is impacted by house prices, which have been rising for many years but have accelerated during the Covid pandemic. The RPI for August 2022 remained unchanged at 12.3%.

What is the latest RPI rate?

What is the current RPI interest rate?

The RPI inflation rate was 12.3% in July 2022, up from 11.8% in June.

What is the current RPI rate?

Table

Period Value
2017 3.4
2018 3.2
2019 3.3
2020 2.1

What is RPI currently 2022?

What was the RPI in April 2022?

Is inflation and RPI the same?

Retail Prices Index (RPI)
The RPI is the most well-known measure of inflation in the UK. It monitors the monthly change in prices of goods and services used by most households. The RPI was preceded by the Cost of Living Index from 1914 – 1947 and the Interim Index of Retail Prices from 1947 – 1956.

How is RPI calculated UK?

In the UK, the Office for National Statistics (ONS) measures RPI by looking at a weighted basket of around 700 consumer goods and services, and comparing price changes month-on-month and year-on-year.

What is the annual RPI?

The published RPI annual growth rate for April 2019 was 3.0% (3.04% to two decimal places). If the April 2019 RPI was recalculated using the correct fuel prices, it would increase the RPI annual growth rate by 0.03 percentage points, resulting in a headline rate of 3.1% (3.07% to two decimal places).

What is the RPI rate for April 2022?

11.1%
RPI inflation was 11.1% in April 2022 (Index: 334.6), up from 9.0% in the year to March. CPIH inflation was 7.8% in April 2022 (Index: 119.0), up from 6.2% in the year to March.

Which is better RPI or CPI?

The CPI mostly uses a geometric mean to aggregate price changes, whereas in the RPI an arithmetic mean is used. The former is better-suited to accounting for the effect of substitution between goods and services when relative prices change.

What was the RPI in 2012?

3.1 246.8
UK Retail Price Index Since 1960

Year Annual % Index
2014 1.6 257.5
2013 2.7 253.4
2012 3.1 246.8
2011 4.8 239.4

What was the RPI in 2011?

UK Retail Price Index Since 1960

Year Annual % Index
2014 1.6 257.5
2013 2.7 253.4
2012 3.1 246.8
2011 4.8 239.4

What was the RPI in June 2016?

The RPI 12-month rate for June 2016 stood at 1.6%, meaning that it was 0.7 percentage points higher than it would have been had it used formulae that meet international standards.

What was the RPI in July 2017?

3.6%
The Retail Prices Index (RPI) was 3.6% for the year to July 2017, up from xx% for the year to June 2017.