Retail Price Index in the UK 1987-2023
RPI inflation rate for August 2023 was 9.1 percent, up from nine percent in the previous month. Between April 2022 and June 2023, the RPI inflation rate was consistently in double-figures, but appears to have peaked at 14.2 percent in October 2022, with inflation falling gradually since then.
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. In the second quarter of 2023 the index value was 374.8, indicating that the price for a fixed basket of goods had increased by more than 274.8 percent since 1987. The