Getting the price right: how we have developed new price measures to show how the pandemic has affected inflation
The coronavirus (COVID-19) pandemic threw up a number of challenges, including how to measure consumer price inflation. Some people asked what inflation would look like if we rebalanced the figures to take account of the different household spending patterns that lockdown brought on. Here Mike Hardie writes about how we have produced these new, rebalanced numbers and what they show.
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