Consumer Price Index

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Consumer Price Index

A computation made and issued monthly by the Bureau of Labor Statistics of the federal Labor Department that attempts to track the price level of designated goods and services purchased by the average consumer.The consumer price index (CPI) is an indicator of the rate of inflation in the economy because it measures changes in the cost of maintaining a particular standard of living.

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Paul Bates, spokesman for Help the Aged, said: "The rate of Retail Price Index does not reflect the real rate of inflation for pensioners.
Meanwhile, the Retail Price Index measure, which is often used during pay negotiations, rose to 4.
The headline rate of Retail Price Index (RPI) inflation, which includes mortgage interest payments, was unchanged at 2.
The rate of inflation -measured by the retail price index -dipped after banks and building societies followed the 0.
The figures contrast with retail price index data on Tuesday showing underlying inflation had unexpectedly jumped in December, which dampened hopes of a rate cut next month.
Now that the Chancellor has stated, in his budget speech in Parliament on April 22, that he expects the retail price index to be negative 3% by September 2009, perhaps it is time for Newcastle City Council leader John Shipley to reiterate his pledge, made in The Journal in January of this year, that "we believe that we have a responsibility .
Train companies wanted to scrap the fares' formula based on the retail price index.
7 per cent year-on-year rise in March and lower than the Retail Price Index (RPI) measure of inflation.
The cost of services provided by tradesmen has risen by 204% since 1984, almost double the rise in the retail price index (109
Although fares on some routes can go up by the retail price index plus 2%, the overall effect has to be neutral.
Ms Pam Webber, economist at the BRC, said the survey gave a more accurate picture of inflation as seen by ordinary shoppers than the official retail price index released by the Office for National Statistics.
It is also worth noting that the Retail Price Index does not fairly reflect the position for certain sectors of the community.

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