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What does RPI mean?

Looking for the meaning or definition of the word RPI? Here's what it means.

Noun
  1. (economics) Retail Price Index: a measure of inflation based on the changing cost of a representative sample of retail goods and services.
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People who have bought gilts will also prosper as they pay a fixed rate of interest, worth more when the RPI is dropping.
As recently as this spring most forecasters expected RPI to be significantly lower by now.
As we have seen, the Commission considered that the RPI index provided a suitable mechanism for adjusting awards to compensate for the fall in the value of money.

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