National Statistics Online - Product - Consumer Price Indices - A Brief Guide
Consumer Price Indices - A Brief Guide
Product
Consumer price indices are important indicators of how the UK economy is performing.
The indices are used in many ways by the government, businesses, and society in general. They can affect interest rates, tax allowances, wages, state benefits, pensions, maintenance, contracts and many other payments. They also show the impact of inflation on family budgets.
This booklet describes the two main consumer price indices in the UK - the Consumer Prices Index (CPI) and the Retail Prices Index (RPI) - and explains how they are put together. It focuses on the RPI but highlights areas where the CPI differs significantly.
The contents of the booklet include the structure of the CPI and RPI, explanations of inflation figures, basket of goods and services used, price collection, quality chang... View more information about this product.
Office for National Statistics (ONS), Ad hoc, Online edition, Hardcopy Publication, Contact: +44 (0)1633 456900