UK Business

how experts pick goods to track price changes and what it says about UK consumers

Written by Robert O'Neill, Teaching Focused Lecturer in Econometrics, University of Manchester

What goes into the shopping basket of goods used to track inflation?Tara Clark/Unsplash, CC BY-SA

For the first time in several generations, inflation is a concern for people in the UK. The Consumer Price Index (CPI) rose by 9% in the year to April 2022, the highest 12-month inflation rate since reliable records began. At the same time, GDP growth h...

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