Percentage change of the Retail Price Index (RPI) in the UK 2000-2018

Percentage change of the Retail Price Index (RPI) in the United Kingdom from 2000 to 2018

by Daniel Clark, last edited Aug 9, 2019
Percentage change of the Retail Price Index (RPI) in the UK 2000-2018 Between 2000 and 2018  the inflation rate of the Retail Price Index fluctuated from a high of 5.2 percent in 2011 and a low of minus 0.5 percent in 2009. Forecasts from the UK government indicate that the RPI will stick to a low rate of either 3.1 or 3.2 percent until at least 2023. 
CPI official measurement
While the retail price index is still a popular method of calculating inflation, the Office of National Statistics instead uses the Consumer Price Index as its official index. In order to stay relevant to the needs of consumers, the basket of goods used to calculate inflation frequently changes, and in recent years has omitted some items such as envelopes.

UK CPI compared to Europe
The United Kingdom’s forecasted CPI rate for 2019 was estimated to be 2.5 percent, which was slightly higher than other European Countries such as Germany and France which had inflation rates of 1.8 and 1.9 percent forecast for 2019. The UK government’s forecasts that the inflation rate is expected to be stabilize soon, reaching a rate between 2 and 2.1 percent between 2020 and 2023.
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Percentage change of the Retail Price Index (RPI) in the United Kingdom from 2000 to 2018

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