The Retail Prices Index: a Short History
The Retail Prices Index: a Short History
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.
Ralph, Jeff
2bd401fd-c228-4a98-b7ff-4d685c0a8dce
O'Neill, Robert
cdcef08c-ab6a-4b63-9bcd-483f65ccb6d2
Smith, Paul A.
a2548525-4f99-4baf-a4d0-2b216cce059c
1 January 2020
Ralph, Jeff
2bd401fd-c228-4a98-b7ff-4d685c0a8dce
O'Neill, Robert
cdcef08c-ab6a-4b63-9bcd-483f65ccb6d2
Smith, Paul A.
a2548525-4f99-4baf-a4d0-2b216cce059c
Ralph, Jeff, O'Neill, Robert and Smith, Paul A.
(2020)
The Retail Prices Index: a Short History
,
Cham, Switzerland.
Palgrave Macmillan, 137pp.
Abstract
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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Published date: 1 January 2020
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Local EPrints ID: 442244
URI: http://eprints.soton.ac.uk/id/eprint/442244
PURE UUID: c4a9096a-8a2c-4c91-9b9d-d27901f56d6d
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Date deposited: 09 Jul 2020 16:39
Last modified: 10 May 2023 01:45
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Author:
Jeff Ralph
Author:
Robert O'Neill
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