Prices

How the ONS measures the price rises affecting business

Image of graphs and money, indicating financial markets

The after-effects of the Covid pandemic and war in Ukraine have pushed consumer price inflation up to levels not seen in forty years. But it is not only consumers that are facing rising costs, businesses are too and these pressures often impact prices for the rest of us. Here, Brogan Taylor and Ryan Powell explain how we measure business prices, why these data are important and what they show.

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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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