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Release: Introducing the new RPIJ measure of Consumer Price Inflation, 1997 to 2012

Released: 12 March 2013

Contact

Ainslie Restieaux

Prices, ONS

cpi@ons.gsi.gov.uk

Telephone: +44 (0) 1633 456299

Categories: Prices, Output and Productivity

Frequency of release: Ad-hoc

Language: English

Geographical coverage: UK

Geographical breakdown: UK and GB

In this release

Introducing the new RPIJ measure of Consumer Price Inflation (265.2 Kb Pdf)

This article describes the new RPIJ measure of Consumer Price Inflation. RPIJ is a Retail Prices Index (RPI) based measure that will use a geometric (Jevons) formula in place of one type of arithmetic formula (Carli). It is being launched in response to the National Statistician's conclusion that the RPI does not meet international standards due to the use of the Carli formula in its calculation. The accompanying Excel file includes a back series for RPIJ from 1997 to 2012.

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