United Kingdom (UK): Monthly Retail Price Index 2017-2019

The Retail Price Index (RPI) is one of the main measures of inflation used to calculate the change in the price of goods and services within the British economy. This statistic displays the RPI in the United Kingdom from November 2017 to November 2019. In the latest month in this statistic the index value was 291 indicating that the price for a fixed basket of goods had increased overall.

Forecasted rate of three percent
Between 2000 and 2018 the inflation rate of the Retail Price Index fluctuated between a high of 5.2 percent in 2011 and a low of minus 0.5 percent in 2009, indicating deflation in that year. In the future the government has forecasted that the RPI will stick to a generally stable rate of between 3.1 and 3.2 percent until at least 2023.

Widely used but not official
While the retail price index is still seen as a useful indicator, it is not presented as the main inflation measure, with the use of the Consumer Price Index (CPI) encouraged by the Office of National Statistics instead. The basket of goods which are used to calculate this measure constantly changes, with recent additions being smart-speakers, as well as bakeware to reflect changing tastes and priorities for consumers.

Retail Price Index (RPI) in the United Kingdom (UK) from November 2017 to November 2019

Index (1987=100)
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Source

Release date

December 2019

Region

United Kingdom

Survey time period

November 2017 to November 2019

Supplementary notes

* RPI All Items Index: January 1987=100

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Statistics on "Inflation and price indices of the UK"

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