RPI CALCULATOR FOR SAVINGS AND RENT REVIEWS
This RPI calculator shows the retail price index inflation from the date your savings were kept to the selected date. This calculator accurately reflects the real value of money adjusted by historic RPI inflation. The retail price index is published monthly by the Office of National Statistics and keeps track of the change in the cost of a representative sample of retail goods and services. Please bear in mind that this calculator uses RPI index values from 1915 to 1947 which are collated from unofficial UK accounts prepared by Department of Applied Economics at Cambridge University. The rest of the RPI index data starting from 1947 is taken from the official ONS statistics.
How to use it
It is easy to use this RPI calculator all you need to do is the following:
- Select a start date and input the year and the month you wish the calculator to run the calculations from. For instance, if you started savings account from January 2015 then select this date.
- Select an end date and input the year and month you want the calculator to end the calculations on.
- Enter the initial value of savings.
- You will receive the adjusted value from the selected start to the end date based on the value of the initial savings you entered.
- Also, the calculator will show the percentage change from the value of the initial savings to the adjusted savings value based on the period you selected.
Potential uses of RPI Calculator
This calculator is perfect for landlords and surveyors for conducting residential and commercial RPI linked rent reviews. This is the most complete calculator in the UK currently available online with the RPI inflation data being collated from 1915.
This calculator is also great for checking how your savings account performed when benchmarked against RPI inflation data. You can measure the growth of returns on your savings account and compare this against our RPI inflation calculator data to see whether your savings has kept the pace with RPI inflation.
Also, this tool can be used to calculate the interest on the debt which is linked to the RPI index.