Explanations

Meet the CPI Foot Soldiers

Graham Watson

14th February 2017

With CPI inflation climbing to 1.8% in January, the highest since June 2014, this is a timely and excellent Katie Allen piece looking at the simple mechanics behind inflation figures, highlighting how the data is collected across the UK.

As she notes: "This week’s number, as in every month, will be based in part on 100,000 prices for about 520 items harvested by price collectors in 150 places."

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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