RPIX
From Wikipedia, the free encyclopedia
RPIX is a measure of inflation in the United Kingdom, equivalent to the all items Retail Prices Index excluding mortgage interest payments.
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.
In December 2003 the Bank's target measure was changed to the Consumer Prices Index, or CPI, with a specific target of 2 per cent.
The RPIX continues to be published each month by the Office for National Statistics (ONS).
[edit] See also
Consumer price index, which provides an international overview
