The rising cost of living affects everyone and finding reliable answers to the questions that everyone is asking can be a challenge. The ONS today launched an accessible a cost of living insights tool to help people navigate the wealth of published information on this critical topic.
Read more on Making sense of cost of living data
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
Gross Domestic Product, more commonly known as GDP, remains the world’s most closely-watched economic indicator. Its growth – or lack of it – is used to measure economic progress. A positive GDP reading suggests an economy is growing, a negative one that it’s slowing down. But there is much more to GDP that just one number. In this post Craig McLaren is our guide to how GDP is calculated and how it’s best understood.
Read more on What is GDP and how do we measure it?
Climate change is a challenging and complex issue involving many interacting systems. As Jo Evans explains, robust and accessible statistics aid understanding and equip policymakers, broader stakeholders and citizens to make decisions, and inform more effective response.
Read more on Understanding climate change through statistics & data
GDP is a well-used metric for measuring changes in the size of economies around the world. However, it has its limitations. Richard Heys writes about the continuing developments at the ONS to go beyond GDP by including measures of the impact of growth on people, the climate and environment.
Read more on Inclusive measures of growth – How ONS is moving Beyond GDP
