| 单词 | underlying rate of inflation |
| 释义 | underlying rate of inflation The rate of inflation as measured by a retail price index (RPI) excluding mortgage interest payments. This is contrasted with the ‘headline’ rate of inflation, which in the UK is the Retail Price Index (RPI), which includes mortgage interest payments. The RPI in most other countries excludes mortgage interest, so this distinction is peculiar to the UK. |
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