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Title
The retail price index : a short history / Jeff Ralph, Robert O.Neill, Paul A. Smith.
ISBN
9783030465636 (electronic book)
3030465632 (electronic book)
9783030465629
Publication Details
Cham : Springer, 2020.
Language
English
Description
1 online resource (147 pages)
Item Number
10.1007/978-3-030-46
Call Number
HB235.G7
Dewey Decimal Classification
338.5280941
Summary
This Palgrave Pivot reviews the history of the UK's Retail Prices Index (RPI) from its origins just after the Second World War to its controversial position today. Both the developments in the methodology of the index and the political and social context in which its development took place are closely examined. The authors explain how the RPI went from being the dominant measure of inflation for decades to its current position as an officially discredited index. Despite this status, it is still widely used and attracts much support from a range of stakeholders, including several areas of government. Important reading for anyone interested in both sides of the argument for and against RPI and the likely way forward for the measurement of inflation.
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Source of Description
Description based on print version record.
Chapter 1: Introduction
Chapter 2: The Early History of Inflation Measurement
Chapter 3: The Launch of the Index of Retail Prices
Chapter 4: Improving the Index
Chapter 5: The RPI in the Political Sphere
Chapter 6: Reviews of the RPI and the Loss of National Statistics Status
Chapter 7: The Reform of the RPI.