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Released on: 20 November 2024 | Corporate Information
Released on: 03 July 2023 | Methodology
Methodological and data improvements that affect current price and chain volume measure of gross domestic product (GDP), 1997 to 2020.
Released on: 18 October 2016 | Methodology
This paper sets out the impact of implementing two improvements in the Consumer Prices Index (CPI; the headline measure of inflation in the UK), CPI including owner-occupiers’ housing costs (CPIH), and their supplementary indices. These changes will not be applied to the Retail Prices Index (RPI). They are planned for March 2017. The first change is designed to improve the way that chain-linking is conducted, and is the result of an independent report on the double chain link; the second is the implementation of an additional level of detail (level 5, or ECOICOP) in the Classification Of Individual Consumption by Purpose (COICOP) structure. As the CPI is identical to the Harmonised Index of Consumer Prices (HICP), these improvements will also help us to better meet EU regulations.
Released on: 31 July 2017 | Corporate Information
Focuses on a dataset of clothing prices scraped from retailer's websites. The fast paced nature of the fashion industry causes unique problems for the measurement of clothing prices. This paper explores the nature of product turnover in the dataset, and constructs price indices using various methods including the chained Jevons, IntGEKS (Krsinich and Lamboray, 2015) and FEWS (Krsinich, 2014) methods.
