The CPI and RPI are used to measure inflation in economics, with the former monitoring a standard set of household items and the latter potentially including housing costs. Different organizations use them for economic decisions, and their calculation methods differ. RPI typically shows a higher inflation rate than CPI, and arguments about accuracy are common […]

The CPI and RPI are used to measure inflation in a specific area, with the RPI including housing costs. Different organizations use them differently, with the UK government using the CPI for benefit payments and the RPI for taxation. The methods for calculating them are different, with RPI typically showing a higher rate of inflation. […]