Datasets / Introducing the new RPIJ measure of Consumer Price Inflation

Introducing the new RPIJ measure of Consumer Price Inflation

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Published By Office for National Statistics

Issued about 10 years ago

GB
final

Summary

Type of release
a one-off release of a single dataset

Licence
UK Open Government Licence

Verification
automatically awarded

Description

This article describes the new RPIJ measure of Consumer Price Inflation. RPIJ is a Retail Prices Index (RPI) based measure that will use a geometric (Jevons) formula in place of one type of arithmetic formula (Carli). It is being launched in response to the National Statistician's conclusion that the RPI does not meet international standards due to the use of the Carli formula in its calculation. The accompanying Excel file includes a back series for RPIJ from 1997 to 2012. Source agency: Office for National Statistics Designation: National Statistics Language: English Alternative title: New RPIJ measure of Consumer Price Inflation

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