CPI

Inflation: How it’s reported and its impact on prices

Categories: Business, Data, Economy, Office for National Statistics, ONS
A shopping basket surrounded by stacks of coins

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. 

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The inflation story – history of prices measurement told for the first time in new book

Categories: Economy, ONS

The monthly UK consumer prices release is one of our most closely-watched outputs. Not least by the Governor of the Bank of England who must  explain to the Chancellor when inflation misses its target. Now the long history of UK prices measurement is the subject of a new book charting the development of its complex methodologies and the people and institutions behind them.  As co-author and ONS Methodologist Dr Jeff Ralph explains, it all began with a handful of pioneers and visionaries.

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