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  • Assessing the Impact of methodological improvements on the Consumer Prices Index

    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.

  • Services Producer Price Inflation QMI

    Released on: 18 January 2021 | Methodology

    Quality and Methodology Information for the Services Producer Price Index, detailing the strengths and limitations of the data, methods used and data uses and users.

  • Analysis of product turnover in web scraped clothing data, and its impact on methods for compiling price indices

    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.