economy

Bringing data to life: pricing up the cost of living

Categories: Data, Economy, Education, Office for National Statistics, ONS

What does an air fryer, a loaf of bread and vinyl records have in common? Well, these are just a few of the items tracked by the ONS to help us determine how the prices of a wide range of goods and services change annually in the UK. That’s the subject of our next webinar in the ‘Bringing data to life’ series.

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Local Data for Local People: How new data sources are helping to calibrate communities

Categories: Data, Economy, ONS, ONS Local, Public Policy

In this episode of Statistically Speaking we shine the spotlight on local data and look at how good statistics for small areas make for better targeted policy interventions, and more effective use of valuable public resources. 

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What is GDP and how do we measure it?

Craig McLaren
Categories: Data, Economy, Office for National Statistics, ONS
Car Factory Engineer in High Visibility Vest Using Laptop Computer in an Automotive Industrial Manufacturing Facility

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.  

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