Definitions
There is 1 meaning of the phrase
Retail Price Index.
Retail Price Index - as a noun
An index of changes in retail prices
Example Sentences
"The retail price index is a measure of the average change in price of a basket of goods and services commonly purchased by households."
"Inflation is often calculated using the retail price index as a gauge of price changes."
"Economists closely monitor the retail price index to understand the trend of consumer prices."
"The government uses the retail price index to adjust various benefits and pensions."
"Rising energy costs contributed to an increase in the retail price index last quarter."
