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4 Sep 2019 UK chancellor Sajid Javid outlined plans to reform the flawed retail prices index, following a recommendation by the UK Statistics Authority  The Retail Price Index (RPI) is a famous statistic used to track inflation in the UK. It tracks all household spending, not just retail spending. The RPI has become  19 Feb 2020 Retail Price Index was 2.7% in January, up from 2.2% in December. This means the basket of goods that average UK households buy 

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UK inflation rose for the first time in six months in January, matching Bank of England expectations in what central bankers could see as validation of a cautious approach to changing interest rates. The rate of increase in prices for goods and services. Measures of inflation and prices include consumer price inflation, producer price inflation, the house price index, index of private housing rental prices, and construction output price indices. The 2018 inflation rate was 2.48%. The inflation rate in 2019 was 1.80%. The 2019 inflation rate is higher compared to the average inflation rate of 1.50% per year between 2019 and 2020. Inflation rate is calculated by change in the composite price index (CPI). The CPI in 2019 was 1,121.42. It was 1,101.59 in the previous year, 2018.

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