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Measuring UK inflation

Author

Listed:
  • Rob Pike

    (Office for National Statistics)

  • Catherine Marks

    (Office for National Statistics)

  • Darren Morgan

    (Office for National Statistics)

Abstract

Looks at variations in price changes for goods and services and the relative proportionsconsumers spend on themThe Office for National Statistics collectsa large number of prices every month toproduce the retail prices index (RPI). Someperceive that consumer inflation is higherthan the official measure. This article looksat the variations in price change for goodsand services and the relative proportionsconsumers spend on them and suggestswhy some people think inflation is higher.Households with different levels ofincome have different spending patterns,and these spending patterns affect eachhousehold’s experience of inflation. Forexample, households with the lowest levelof income spend a greater proportion onfood whereas households with higherincome spend more on petrol. Economic & Labour Market Review (2008) 2, 18–25; doi:10.1057/elmr.2008.135

Suggested Citation

  • Rob Pike & Catherine Marks & Darren Morgan, 2008. "Measuring UK inflation," Economic & Labour Market Review, Palgrave Macmillan;Office for National Statistics, vol. 2(9), pages 18-25, September.
    • Handle: RePEc:pal:ecolmr:v:2:y:2008:i:9:p:18-25
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    Citations

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    Cited by:

    1. Shireen AlAzzawi, 2017. "Did the Cost of Living Rise Faster for the Rural Poor?," Working Papers 1091, Economic Research Forum, revised 05 Apr 2017.
    2. Jacek Białek & Elżbieta Roszko-Wójtowicz, 2021. "Dynamics of price level changes in the Visegrad group: comparative study," Quality & Quantity: International Journal of Methodology, Springer, vol. 55(1), pages 357-384, February.
    3. Aleksandra Hałka & Agnieszka Leszczyńska, 2011. "Wady i zalety wskaźnika cen towarów i usług konsumpcyjnych – szacunki obciążenia," Gospodarka Narodowa. The Polish Journal of Economics, Warsaw School of Economics, issue 9, pages 51-75.
    4. Agnieszka Leszczynska & Aleksandra Halka, 2012. "What does the Consumer Price Index Measure? Bias Estimates for Poland," EcoMod2012 4370, EcoMod.

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