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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