CPIH

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

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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Whose inflation is it anyway?

New figures using the lead CPIH index show how inflation has impacted different groups from retired and working age households to those with or without children. Below, ONS Economist Tanya Flower looks at the history of inflation as well as the different approaches to measuring changing prices and how they affect different people.

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