English, Article edition: The personal inflation calculator Matthew Powell; Jim O'Donoghue

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Physical Description
  • article
Language
  • English

Edition details

Title
  • The personal inflation calculator
Author
  • Matthew Powell
  • Jim O'Donoghue
Physical Description
  • article
Notes
  • 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
  • RePEc:pal:ecolmr:v:1:y:2007:i:1:p:27-32
Language
  • English
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