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Glossary

Glossary of Statistical Definitions

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There are currently 2 definitions in this directory beginning with the letter P.
Price Ratio (RPI)
This is the proportion of the sum of the prices of an item, in the current month, to the sum of its corresponding prices in the preceding month - i.e. relating like prices for two (2) months.
Price Relative (RPI)
This is a number expressed as a percentage which indicates the movement in price levels from the base period value of 100%.

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