Crynodeb

Research to modernise the measurement of consumer price inflation in the UK: fifth in a series of biannual articles to update users.

Cyhoeddiadau

• Research and developments in the transformation of UK consumer price statistics: November 2022

  Research to modernise the measurement of consumer price inflation in the UK: fifth in a series of biannual articles to update users.

Methodology

• Introducing multilateral index methods into consumer price statistics

  How we will use the GEKS-Törnqvist to introduce alternative data into our consumer price statistics, including how the method works and its advantages.

• Outlier detection for rail fares and second-hand cars dynamic price data

  We are applying data cleaning techniques to web-provided and transaction data to remove out-of-scope observations and errors when calculating our consumer price indices.

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