What does RPIx stand for?

all items Retail Price Index
RPIX is a measure of inflation in the United Kingdom, equivalent to the all items Retail Price Index (RPI) excluding mortgage interest payments.

What is the difference between RPI and RPIx?

The RPI is a broader measure of inflation than the CPI because it includes costs associated with housing, which the RPI does not. RPIx is the headline RPI index, minus changes in mortgage interest payments. RPIy is the RPIx minus changes in indirect taxes, such as VAT.

What is CPI and RPI stand for?

RPI: the retail prices index. CPI: the consumer prices index. CPIH: the consumer prices index + owner-occupiers’ housing costs.

What is the meaning of Retail Price Index?

The Retail Price Index (RPI) is a measure of inflation, which in turn is the rate at which prices for goods and services are rising. However, RPI includes items that are removed from the CPI basket, including estate agent fees, mortgage interest payments, buildings insurance costs and the cost of the TV license.

Which is the best definition of the RPIX?

Also found in: Acronyms, Wikipedia . A measure of inflation. It measures price changes to what the average family buys, but excludes changes to the interest paid on mortgages. The RPIX was the primary gauge of inflation in the United Kingdom between 1992 and 2003. Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

When did the RPIX start to measure inflation?

A measure of inflation. It measures price changes to what the average family buys, but excludes changes to the interest paid on mortgages. The RPIX was the primary gauge of inflation in the United Kingdom between 1992 and 2003.

When did the UK stop using the RPIX?

RPIX is a measure of inflation in the United Kingdom, equivalent to the all items Retail Price Index (RPI) excluding mortgage interest payments. It was the UK’s target rate of inflation from October 1992 to December 2003.

What was the target rate for RPIX in 2003?

Targeting RPI would thus create a vicious circle of higher rates, something avoided by using RPIX as the target. In December 2003 the Bank’s target measure was changed to the Consumer Price Index, or CPI, and the target was set at 2 per cent.

https://www.youtube.com/watch?v=2GNbxG4bDTE