Inflation is an important measure of any country’s economy, and the Retail Price Index (RPI) is one of the most widely used indicators in the United Kingdom, with the rate expected to be 4.1 percent in 2025, compared with 3.6 percent in 2024. This followed 2022, when RPI inflation reached a rate of 11.6 percent, by far the highest annual rate during this provided time period. CPI vs RPI Although the Retail Price Index is a commonly utilized inflation indicator, the UK also uses a newer method of calculating inflation, the Consumer Price Index. The CPI, along with the CPIH (Consumer Price Index including owner occupiers' housing costs) are usually preferred by the UK government, but the RPI is still used in certain instances. Increases in rail fares for example, are calculated using the RPI, while increases in pension payments are calculated using CPI, when this is used as the uprating factor. The use of one inflation measure over the other can therefore have a significant impact on people’s lives in the UK. High inflation falls to more typical levels by 2024 Like the Retail Price Index, the Consumer Price Index inflation rate also reached a recent peak in October 2022. In that month, prices were rising by 11.1 percent and did not fall below double figures until April 2023. This fall was largely due to slower price increases in key sectors such as energy, which drove a significant amount of the 2022 wave of inflation. Inflation nevertheless remains elevated, fueled not only by high food inflation, but also by underlying core inflation. As of February 2025, the overall CPI inflation rate was 2.8 percent, although an uptick in inflation is expected later in the year, with a rate of 3.7 percent forecast for the third quarter of the year.

The inflation rate for the Retail Price Index in the United Kingdom in the fourth quarter of 2022 reached **** percent, before falling in the subsequent quarters. The RPI rate in the fourth quarter of 2024 was *** percent, with an uptick expected in RPI inflation expected in 2025, peaking at *** percent in the third quarter of 2025.

This statistic shows the predicted change in retail prices index (RPI) in the United Kingdom (UK) between 2017 and 2023. A slight and steady decline is forecasted to occur during the period from 2018 to 2023.

The inflation rate for the Retail Price Index (RPI) in the United Kingdom was 4.3 percent in May 2025, down from 4.5 percent in the previous month. From 2021 onwards, prices in the UK rose rapidly, with the RPI inflation rate peaking at 14.2 percent in October 2022. Although inflation fell in subsequent months, it wasn't until July 2023 that inflation fell below double digits, and as of late 2024, the RPI rate was still above three percent. The CPI and CPIH While the retail price index is still a popular method of calculating inflation, the consumer price index (CPI) is the current main measurement of inflation in the UK. There is also an additional price index, which includes some extra housing costs, known as the Consumer Price Index including homer occupiers' costs (CPIH) index, which is seen by the UK's Office of National Statistics as the official inflation rate. As of December 2024, the CPI inflation rate stood at 2.5 percent, while the CPIH rate was 3.5 percent. Core inflation down in 2024 Another way of measuring inflation is to strip out the volatility of energy and food prices and look at the underlying core inflation rate. As of December 2024, this was 3.2 percent, slightly higher than the overall CPI rate, but more aligned with the overall figure than it was in 2022 and 2023. When inflation peaked at 11.2 percent in October 2022, for example, core inflation stood at just 6.5 percent. After energy prices in 2023 fell relative to 2022, the overall inflation rate in the UK declined quite rapidly, with core inflation overtaking the overall rate in July 2023. During the most recent period of high inflation, core inflation peaked at 7.1 percent in May 2023, and while taking longer to fall than the overall figure, has generally been declining since then.

Retail Price Index in the United Kingdom increased to 4.50 percent in April from 3.20 percent in March of 2025. This dataset provides - United Kingdom Retail Price Index YoY- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Retail Price Index (RPI) is one of the main measures of inflation used to calculate the change in the price of goods and services within the British economy. In the first quarter of 2025 the index value was 393.7, indicating that the price for a fixed basket of goods had increased by almost 294 percent since 1987. The RPI inflation rate for March 2025 was 3.2 percent, down from 3.4 percent in the previous month. Inflation and UK living standards For UK consumers, high inflation is one of the main drivers of the ongoing cost of living crisis. With wages struggling to keep up with the pace of inflation for a long period between 2021 and 2023, UK households saw their living standards fall significantly. In 2022/23, real household disposable income in the UK is estimated to have fallen by 2.1 percent, which was the biggest fall in living standards since 1956. While there have been some signals that the crisis eased somewhat in 2024, such as falling energy and food inflation, an increasing share of UK households have reported increasing living costs since Summer 2024. Additional inflation indicators Aside from the Retail Price Index, the UK also produces other inflation indices such as the Consumer Price Index (CPI) and the Consumer Price Index including owner occupiers' housing costs (CPIH). While these particular indices measure consumer price increases slightly differently, they both provide an overall picture of rising prices. More specific inflation rates, such as by sector, are also produced, while other indices omit certain items, such as core inflation, which excludes food and energy inflation, to provide a more stable measure of inflation.

Inflation Rate in Spain increased to 2.20 percent in June from 2 percent in May of 2025. This dataset provides the latest reported value for - Spain Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Inflation Rate in the United Kingdom decreased to 3.40 percent in May from 3.50 percent in April of 2025. This dataset provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

This dataset provides values for RETAIL PRICE INDEX reported in several countries. The data includes current values, previous releases, historical highs and record lows, release frequency, reported unit and currency.

Inflation Rate in France increased to 0.90 percent in June from 0.70 percent in May of 2025. This dataset provides the latest reported value for - France Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2024, the annual inflation rate for the United Kingdom was 2.5 percent, with the average rate for 2025 predicted to rise to 3.2 percent, revised upwards from an earlier prediction of 2.6 percent. The UK has only recently recovered from a period of elevated inflation, which saw the CPI rate reach 9.1 percent in 2022, and 7.3 percent in 2023. Despite an uptick in inflation expected in 2025, the inflation rate is expected to fall to 2.1 percent in 2026, and two percent between 2027 and 2029. UK inflation crisis Between 2021 and 2023, inflation surged in the UK, reaching a 41-year-high of 11.1 percent in October 2022. Although inflation fell to more usual levels by 2024, prices in the UK had already increased by over 20 percent relative to the start of the crisis. The two main drivers of price increases during this time were food and energy inflation, two of the main spending areas of UK households. Although food and energy prices came down quite sharply in 2023, underlying core inflation, which measures prices rises without food and energy, remained slightly above the headline inflation rate throughout 2024, suggesting some aspects of inflation had become embedded in the UK economy. Inflation rises across in the world in 2022 The UK was not alone in suffering from runaway inflation over the last few years. From late 2021 onwards, various factors converged to encourage a global acceleration of prices, leading to the ongoing inflation crisis. Blocked-up supply chains were one of the main factors as the world emerged from the COVID-19 pandemic. This was followed by energy and food inflation skyrocketing after Russia's invasion of Ukraine. Central bank interest rates were raised globally in response to the problem, possibly putting an end to the era of cheap money that has defined monetary policy since the financial crash of 2008.

Measures of monthly UK inflation data including CPIH, CPI and RPI. These tables complement the consumer price inflation time series dataset.

Germany RPI: Non Specialized Stores data was reported at 101.600 1995=100 in Dec 2000. This records an increase from the previous number of 101.400 1995=100 for Nov 2000. Germany RPI: Non Specialized Stores data is updated monthly, averaging 100.250 1995=100 from Jan 1991 (Median) to Dec 2000, with 120 observations. The data reached an all-time high of 102.900 1995=100 in Jun 1998 and a record low of 92.900 1995=100 in Jan 1991. Germany RPI: Non Specialized Stores data remains active status in CEIC and is reported by Statistisches Bundesamt. The data is categorized under Global Database’s Germany – Table DE.I057: Retail Price Index: 1995=100.

The purpose of this article is to give the estimated effects on the Consumer Price Indices and Retail Prices Index resulting from duty and taxation changes announced in the Budget.

This article is simply a helpful guide to users of the CPI and RPI. The Office for National Statistics (ONS) accepts no liability whatsoever for losses of any kind arising as a result of reliance on this note.

Source agency: Office for National Statistics

Designation: National Statistics

Language: English

Alternative title: Budget

Inflation Rate in Poland increased to 4.10 percent in June from 4 percent in May of 2025. This dataset provides the latest reported value for - Poland Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

In 2023, the retail price index (RPI) in Thailand was estimated to be at 297.1 index points, indicating an increase from the previous year. Meanwhile, the retail price index (RPI) in 2011 was the lowest at 190.21 index points.

After reaching a peak of 10.7 percent in the fourth quarter of 2022, the CPI inflation rate in the United Kingdom has fallen considerably, and was 2.5 percent in the fourth quarter of 2024. In 2025, there is expected to be an uptick in inflation, with prices expected to be increasing by 3.7 percent in the third quarter of 2025, before falling to two percent by the second quarter of 2026. Inflation and the Cost of Living The high inflation experienced by the UK since late 2021 is one of the main factors behind the country's ongoing cost of living crisis. Price surges, in relation to food and energy costs in particular, played havoc with the finances of UK households. At the height of the crisis, around nine out of ten households were experiencing a cost of living increase compared to the previous month. Although inflation has eased since reaching a peak of 11.1 percent in October 2022, and wages are growing in real terms, approximately 59 percent of households were still experiencing rising costs relative to the previous month in March 2025. Economic growth downgraded for 2025 Since 2022, the economy has generally been the main issue for UK voters, seen by 51 percent of people as one of the top three issues facing the country in March 2025. Throughout this time, UK households have struggled through a cost of living crisis, while the wider economy has struggled to achieve consistent growth. Between the first quarter of 2022, the UK economy has alternated between periods of low growth and minor contractions, with the UK even in recession at the end of 2023. While there was a slight uptick in growth in 2024, this momentum appears to have already been lost, with the UK's economic growth forecast for 2025 recently downgraded from two percent to one percent.

Inflation Rate in Netherlands decreased to 3.10 percent in June from 3.30 percent in May of 2025. This dataset provides - Netherlands Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Recruitment Process Integration Consulting Market Outlook

The global Recruitment Process Integration (RPI) consulting market size was valued at approximately USD 10.5 billion in 2023 and is projected to reach around USD 21.8 billion by 2032, growing at a compound annual growth rate (CAGR) of 8.5%. This impressive growth is driven by the increasing need for organizations to streamline their recruitment processes, improve efficiency, and reduce hiring costs.

One of the primary growth factors of the RPI consulting market is the rising complexity of recruitment processes in the modern business environment. As companies expand and diversify, the need for a cohesive and integrated recruitment strategy becomes paramount. The requirement to attract, assess, and onboard the right talent swiftly and efficiently is driving organizations to seek professional consulting services that specialize in process integration. Furthermore, the advent of advanced technologies, such as artificial intelligence (AI) and machine learning (ML), is further propelling the demand for sophisticated recruitment solutions.

Another significant factor contributing to the market's growth is the increasing emphasis on regulatory compliance and data security. Organizations are under growing scrutiny to ensure that their recruitment processes comply with local and international regulations. Failure to do so can result in substantial penalties and damage to the company's reputation. Recruitment Process Integration consulting firms help businesses navigate these regulatory landscapes, ensuring that they maintain compliance while optimizing their recruitment workflows.

The COVID-19 pandemic has also played a crucial role in accelerating the adoption of RPI consulting services. With remote work becoming the norm, companies have had to rethink and redesign their recruitment strategies to adapt to a virtual environment. This shift has highlighted the need for seamless integration of digital tools and platforms into the recruitment process. Consulting firms specializing in RPI are aiding organizations in making this transition, ensuring that they can continue to attract top talent despite the challenges posed by the pandemic.

HR and Recruitment Services have become increasingly pivotal in the modern business landscape, especially as organizations strive to enhance their talent acquisition strategies. These services encompass a wide range of activities, from sourcing and attracting candidates to managing the entire recruitment lifecycle. By leveraging HR and Recruitment Services, companies can ensure that they have access to a broader talent pool, enabling them to find the right candidates who align with their organizational goals and culture. These services also play a crucial role in streamlining recruitment processes, reducing time-to-hire, and improving the overall candidate experience. As businesses continue to navigate the complexities of the recruitment landscape, the demand for comprehensive HR and Recruitment Services is expected to grow, further driving the expansion of the RPI consulting market.

From a regional perspective, North America currently holds the largest share of the RPI consulting market, driven by the presence of numerous multinational corporations and a mature market for recruitment services. However, the Asia Pacific region is expected to witness the highest growth rate during the forecast period. This growth is attributed to the rapid economic development, increasing globalization, and the rising number of small and medium enterprises (SMEs) in countries such as China and India. Europe is also a significant market, with many companies focusing on optimizing their recruitment processes to stay competitive in a highly regulated environment.

Service Type Analysis

The recruitment process integration consulting market can be segmented by service type into process design, implementation, training and support, and others. Process design services involve the conceptualization and blueprinting of a recruitment strategy that aligns with an organizationÂ’s goals. These services are essential for identifying bottlenecks and inefficiencies in current recruitment processes and providing a structured approach to improvement. Consultants specializing in process design work closely with HR departments to create a tailored recruitment framework that enhances candidate experience and reduces time-to-hire.

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