noun
an index of changes in retail prices
• Hypernyms: ↑price index, ↑price level
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retail price index noun
A monthly index of the retail prices of specific household goods and services, used as a measure of the rate of inflation (abbrev RPI)
• • •
Main Entry: ↑retail
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noun
the retail price index
Brit : ↑consumer price index
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(in Britain) a list of the prices of some ordinary goods and services which shows how much these prices change each month
see also ↑consumer price index
See also: ↑price index
Useful english dictionary. 2012.