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-SAFor 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...
