Opening date: 03 October 2011
Closing date: 23 December 2011
Department: Office for National Statistics
Category: General
The UK Statistics Authority, in September 2011, endorsed proposals from the Consumer Prices Advisory Committee (CPAC) relating to the measurement of car prices in the Consumer Prices Index (CPI) and Retail Prices Index (RPI). CPAC recommended:
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Office for National Statistics (ONS) changes the method used to measure new car prices in the CPI and RPI. The proposal is to use transaction prices from car dealer websites instead of the current approach of using ‘list’ prices. In addition, this method will be used for both the CPI and RPI (currently, two different methods are used)
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the new method should be introduced for the February 2012 CPI and RPI, published on the 20 March 2012
CPAC’s complete report on this subject can be found under the downloads section on this page.
The Authority plans to reach a final decision in January 2012 following public consultation as well as discussions with the Bank of England, and if required, with the Chancellor, under the provisions of the relevant part of the Statistics and Registration Service Act 2007. The public consultation exercise will take place between the 3 October 2011 and 23 December 2011.
ONS will publish a summary of the comments made approximately 8 weeks after the consultation closes. ONS currently plans to introduce this change from the February 2012 CPI and RPI, published on the 20 March 2012.
Sara James
Room 1.227
Office for National Statistics
Government Buildings
Cardiff Road
Newport
NP10 8XG
+44 (0)1633 455 741
Alternatively, responses can be sent by email to: cpi@ons.gov.uk
