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Retail Price Index. In the United Kingdom, the Retail Prices Index or Retail Price Index[ 1] ( RPI) is a measure of inflation published monthly by the Office for National Statistics. It measures the change in the cost of a representative sample of retail goods and services . As the RPI was held not to meet international statistical standards ...
Happy Birthday (Altered Images song) " Happy Birthday " is a song by Scottish band Altered Images, released as a single from their 1981 album of the same name. The song entered the UK charts in September 1981 and peaked at number two the following month, holding that position for three weeks. It was the 15th-best-selling single in the UK in ...
Uk inflation history inflation hit 24% in 1975 and in 1976 the Sterling crisis occurred, followed by the Winter of Discontent [2]. The traditional measure of inflation in the UK for many years was the Retail Prices Index (RPI), which was first calculated in the early 20th century to evaluate the extent to which workers were affected by price changes during the First World War.
India. Wholesale Price Index (WPI) WPI first published in 1902, and was one of the more economic indicators available to policy makers until it was replaced by most developed countries by the Consumer Price Index in the 1970s. WPI is the index that is used to measure the change in the average price level of goods traded in wholesale market.
It was the UK's target rate of inflation from October 1992 to December 2003. From June 1997, the Bank of England was given the task of setting interest rates to meet an inflation target of 2.5 per cent on the RPIX measure. Mortgage interest payments were excluded from the inflation target because otherwise the Bank's behaviour would be distorted.
[1] [2] The chart was based entirely on sales of physical singles from retail outlets and announced on Tuesday until October 1987, when the Top 40 was revealed each Sunday, due to the new automated process. [3] During the 1980s there were a total of 191 singles which took the UK chart number 1 spot. [4]
The Factory Shops Essex Ltd. 5. Family run Essex -based discount shop [ 1] Goodwins. c. 2010s. Yorkshire Trading Company. 4. North East and Yorkshire based multi price discount retailer that originally started life as a pound shop.
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