The personal inflation calculator

Matthew Powell and Jim O'Donoghue
Additional contact information
Matthew Powell: Office for National Statistics
Jim O'Donoghue: Office for National Statistics

Economic & Labour Market Review, 2007, vol. 1_, issue 1, 27-32

Abstract: Describes the introduction of the personal inflation calculator, which allows people to gain a better understanding of how price changes affect them and inflation estimates are produced.This article describes the introduction by the Office for National Statistics of a personal inflation calculator on the National Statistics website. A separate article (OÂ’Donoghue, 2007) established that inflation rates for individuals are likelyto vary, because their personal patterns of consumption are unlikely to exactly mirror the 650 items that are priced to calculate the retail prices index (RPI). The personal inflation calculator allows people to gain a better understanding of how pricechanges affect them and of how inflation estimates are produced by calculating an inflation rate appropriate to their own spending on the main categories of goods and services. Economic & Labour Market Review (2007) 1, 27–32; doi:10.1057/palgrave.elmr.1410008

Date: 2007
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://www.palgrave-journals.com/elmr/journal/v1/n1/pdf/1410008a.pdf Link to full text PDF (application/pdf)
http://www.palgrave-journals.com/elmr/journal/v1/n1/full/1410008a.html Link to full text HTML (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:ecolmr:v:1:y:2007:i:1:p:27-32

Ordering information: This journal article can be ordered from
http://www.springer.com/economics/journal/41318

Access Statistics for this article

More articles in Economic & Labour Market Review from Palgrave Macmillan, Office for National Statistics
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().