The Retail Price Index (RPI) MoM in the UK measures the monthly change in the cost of a basket of retail goods and services, reflecting inflation from the consumer's perspective. It is significant for the economy as it influences wage negotiations, pension adjustments, and index-linked bonds. While RPI is not the official measure of inflation, it is closely watched by financial markets for insights into inflationary trends and consumer spending power. Its release can impact interest rate expectations and market sentiment.
The Retail Price Index (RPI) MoM in the UK measures the monthly change in the cost of a basket of retail goods and services, reflecting inflation from the consumer's perspective. It is significant for the economy as it influences wage negotiations, pension adjustments, and index-linked bonds. Whi...