Tag: ONS

  • Changes to the ONS’ CPI Basket of Goods and Lifestyle Changes in the UK

    Changes to the ONS’ CPI Basket of Goods and Lifestyle Changes in the UK

    The Office for National Statistics monitors inflation by using the Consumer Price Index, which uses a representative sample of consumer goods and services purchased by households. The easiest way to think about this is to imagine a very large shopping basket full of goods and services which the ‘typical household’ buys on a regular basis…

  • Evaluating the Usefulness of Official Statistics

    Official Statistics are numerical data collected by governments and their agencies. This post examines a ranges of official statistics collected by the United Kingdom government and evaluates their usefulness. The aim of this post is to demonstrate one of the main strengths of official statistics – they give us a ‘snap shot’ of life in the U.K. and they…