Retail Price Index (RPI) 2023

The Retail Price Index (RPI) is a tool that helps us understand how the prices of everyday items change over time in Trinidad and Tobago. Imagine you have a shopping basket filled with various items people commonly buy, like food, gas, and other services. The RPI keeps track of how the prices of these items in the basket change each month.

To do this, experts regularly check the prices of these items in fifteen (15) different areas across Trinidad and Tobago. They visit local stores, markets, and gas stations to note the current prices of food and gas, which tend to change often. For items whose prices do not change as quickly, they check the prices every three (3) months. This way, the RPI gives a clear picture of how much more or less it costs to buy the same set of items over time.