inflation transformation interactive game

Incorporating so many different data sources into any statistic, but particularly one used as a key economic measure, involves a certain degree of risk. Data from the Department for Communities and Local Government (DCLG) are used to weight price data to reflect the owner occupied housing market. The owner occupiers’ housing costs (OOH) component of CPIH uses 4 administrative data sources to calculate the cost of owning, maintaining and living in one’s home these are sourced from the Valuation Office Agency (VOA) in England, and from the Welsh and Scottish governments (Northern Ireland data are currently used from the TNS collection). Expenditure weights or prices calculated from administrative data, which taken from or compiled within ONS, other government departments, or commercial companies.Expenditure weights or prices calculated from survey data, which are sourced from within ONS, or from another government department.Individual prices collected through a website, phone call to the supplier, or from a brochure.Price collection from shops in various locations around the country (commonly referred to as the “local” collection), which is contracted to an external company called TNS.The data used in the compilation of CPIH and CPI can be categorised as follows: A variety of different data sources are used for this purpose. Price and expenditure data are required for each of the approximately 700 items in the “basket” of goods and services. The construction of CPIH and CPI is complex. We have now implemented all of the improvements, and are seeking re-designation for CPIH as a National Statistic. It was launched in 2013, but was subsequently de-designated as a National Statistic following the identification of required improvements to the methodology. There are a range of consumer price inflation measures in use in the UK notably the Consumer Prices Index including owner occupiers’ housing costs (CPIH), and the Consumer Prices Index (CPI), which omits these housing costs.ĬPIH is the first measure of inflation in our Consumer Price statistics bulletin.

Inflation transformation interactive game