What is CPI? Understanding inflation statistics [Podcast] EP101

Hannah L. Randolph; Luke Michaelides; Phil Gooding

What is CPI? Understanding inflation statistics [Podcast] EP101

Hannah L. Randolph, Luke Michaelides, Phil Gooding

Economics

Research output: Digital or non-textual outputs › Podcast

Abstract

FAI economist Hannah Randolph is joined by Luke Michaelides and Phil Gooding from the Office for National Statistics (ONS) Consumer Prices team to talk about inflation statistics. We cover what measures of inflation are produced by ONS, how they differ, and recent developments in methodology and the data underlying the statistics. We end by discussing how inflation rates impact households and businesses.

The ONS personal inflation rate calculator can be found here.

The FAI’s report for ONS on further development options for the Household Costs Indices can be found here.

Time stamps

(1:00) What are the different measures of inflation produced by ONS? How do they differ?

(2:25) What are the Household Costs Indices and what do they say about how inflation affects different groups?

(5:25) What types of data are used to produce these inflation measures?

(7:20) How have the methods of collecting data for and calculating inflation changed?

(10:20) What do changes in the inflation rate mean for households and businesses? What should people keep in mind when they hear about inflation on the news?

Original language	English
Place of Publication	Glasgow
Edition	EP101
Media of output	Online
Publication status	Published - 26 Nov 2024

Keywords

UK economy
Inflation
National statistics

Access to Document

https://fraserofallander.org/podcast-what-is-cpi-understanding-inflation-statistics/

1 Finished

Supply of Provision of Improving Price Level Data for Different Household Groups Research
Randolph, H. (Principal Investigator) & Spowage, M. (Co-investigator)
UK Statistics Authority including ONS
1/10/23 → 31/03/24
Project: Knowledge Exchange (Services/Consultancy)

1 Policy Briefing/Paper

Improving price level data for different household groups
Randolph, H., Spowage, M., Gillan, B. & Nippler, G., 8 Jul 2024, Glasgow: University of Strathclyde. 38 p.
Research output: Book/Report › Policy Briefing/Paper

Open Access
File

1 Media Participation

Podcast - What is CPI? Understanding inflation statistics
Randolph, H. (Host), Michaelides, L. (Contributor) & Gooding, P. (Contributor)
26 Nov 2024
Activity: Public Engagement and Outreach › Media Participation

Cite this

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abstract = "FAI economist Hannah Randolph is joined by Luke Michaelides and Phil Gooding from the Office for National Statistics (ONS) Consumer Prices team to talk about inflation statistics. We cover what measures of inflation are produced by ONS, how they differ, and recent developments in methodology and the data underlying the statistics. We end by discussing how inflation rates impact households and businesses. The ONS personal inflation rate calculator can be found here. The FAI{\textquoteright}s report for ONS on further development options for the Household Costs Indices can be found here. Time stamps (1:00) What are the different measures of inflation produced by ONS? How do they differ? (2:25) What are the Household Costs Indices and what do they say about how inflation affects different groups? (5:25) What types of data are used to produce these inflation measures? (7:20) How have the methods of collecting data for and calculating inflation changed? (10:20) What do changes in the inflation rate mean for households and businesses? What should people keep in mind when they hear about inflation on the news?",

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N2 - FAI economist Hannah Randolph is joined by Luke Michaelides and Phil Gooding from the Office for National Statistics (ONS) Consumer Prices team to talk about inflation statistics. We cover what measures of inflation are produced by ONS, how they differ, and recent developments in methodology and the data underlying the statistics. We end by discussing how inflation rates impact households and businesses. The ONS personal inflation rate calculator can be found here. The FAI’s report for ONS on further development options for the Household Costs Indices can be found here. Time stamps (1:00) What are the different measures of inflation produced by ONS? How do they differ? (2:25) What are the Household Costs Indices and what do they say about how inflation affects different groups? (5:25) What types of data are used to produce these inflation measures? (7:20) How have the methods of collecting data for and calculating inflation changed? (10:20) What do changes in the inflation rate mean for households and businesses? What should people keep in mind when they hear about inflation on the news?

AB - FAI economist Hannah Randolph is joined by Luke Michaelides and Phil Gooding from the Office for National Statistics (ONS) Consumer Prices team to talk about inflation statistics. We cover what measures of inflation are produced by ONS, how they differ, and recent developments in methodology and the data underlying the statistics. We end by discussing how inflation rates impact households and businesses. The ONS personal inflation rate calculator can be found here. The FAI’s report for ONS on further development options for the Household Costs Indices can be found here. Time stamps (1:00) What are the different measures of inflation produced by ONS? How do they differ? (2:25) What are the Household Costs Indices and what do they say about how inflation affects different groups? (5:25) What types of data are used to produce these inflation measures? (7:20) How have the methods of collecting data for and calculating inflation changed? (10:20) What do changes in the inflation rate mean for households and businesses? What should people keep in mind when they hear about inflation on the news?

KW - UK economy

KW - Inflation

KW - National statistics

M3 - Podcast

CY - Glasgow

ER -

What is CPI? Understanding inflation statistics [Podcast] EP101

Abstract

Keywords

Access to Document

Fingerprint

Projects

Supply of Provision of Improving Price Level Data for Different Household Groups Research

Research output

Improving price level data for different household groups

Activities

Podcast - What is CPI? Understanding inflation statistics

Cite this