In the context of pensions, a method of providing capped annual increases for pensioner members or revaluation for deferred pensioners. Limited price indexation (LPI) is usually the lesser of the annual increase in the Retail Prices Index (or Consumer Prices Index) and 5%, although the percentage limit can vary. For example, since 6 April 2005, schemes may cap LPI increases to pensions in payment (relating to service after that date) at 2.5% each year.