Our consumer inflation statistics are closely watched, not only because they tell us how price rises are affecting people, but also because they are a crucial piece of information, used by the Bank of England when setting Interest rates. Chris Jenkins talks about the complex adjustments we make to ensure the index shows only real, underlying changes in prices.
Read more on Keeping it consistent – how we quality adjust CPI
We have already blogged about how the UK’s statistics on research and development (R&D) are the subject of a programme of fundamental transformation. We are improving our main survey to capture a much wider group of businesses to better reflect the true extent of R&D undertaken in the UK. Now we also improving our measurement of R&D undertaken by the UK government and its agencies. Heather Bovill talks about how we are improving these estimates of what R&D the government is paying for and, importantly, where it is taking place.
Read more on Transforming R&D statistics on Government-funded research & development
News headlines this month proclaimed the UK has ‘narrowly avoided recession’. In ‘Recessions, GDP and Beyond’, the latest episode of our ‘Statistically Speaking’ podcast, we decode the ‘r’ word and explain why this sometimes misleading term is one the ONS is often cautious to avoid.
Read more on The ‘R’ Word: What exactly is a ‘recession’ anyway?
Statistics for local levels of geography are essential to understand the issues affecting communities as well as helping all levels of government measure the progress of their policies. Emma Hickman explains how the ONS is rising to meet the challenge of delivering these detailed data.
Read more on Going local – delivering data for our communities
Inflation is big news at the moment given the economic impact of the COVID-19 pandemic, the Ukraine conflict and the subsequent rise in the cost of living. When inflation is high, we all feel the impact as this reduces the amount of goods and services we can afford to purchase. As our latest numbers show a fall in the inflation rate, Chris Jenkins explains why it is important to understand this doesn’t necessarily mean a fall in prices.
Read more on Inflation: How it’s reported and its impact on prices