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SUMMARYThe ‘shopping basket’ of items making up the Consumer Prices Index (CPI) and Retail Prices Index (RPI) are reviewed each year as part of the process of continual improvement. Some items are taken out of the basket and some are brought in to make sure the CPI and RPI are up to date and...
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The ‘shopping basket’ of items making up the Consumer Prices Index (CPI) and Retail Prices Index (RPI) are reviewed every year. Some items are taken out of the basket and some are brought in to reflect changes in the market and to make sure the CPI and RPI are up to date and representative...
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SummaryThe ‘shopping baskets’ of items used in compiling the Consumer Prices Index (CPI) and Retail Prices Index (RPI) are reviewed each year. Some items are taken out of the baskets and some are brought in to make sure the CPI and RPI are up to date and representative of consumer spending...
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Describes the annual review process and explains how and why the various items in the basket are chosenAs part of a process of continual improvement, and to help ensure that the consumer prices index (CPI) and retail prices index (RPI) are representative of consumer spending patterns, the items...
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