Bill Mitchell — New UK cost of living dataset improves on standard CPI release – somewhat

Summary:
The UK Office of National Statistics released a new dataset last week (January 28, 2022) – CPI-consistent inflation rate estimates for UK household groups (plutocratic weighting) – which resumes its analysis of the differential impacts of price rises on different cohorts in the population. Other national statistical agencies have also been doing for some years now. For example, the Australian Bureau of Statistics regularly publishes its – Selected Living Cost Indexes, Australia (last edition September-quarter 2021, published November 3, 2021). This type of data fills the breach left by the standard CPI releases….Bill Mitchell – billy blogNew UK cost of living dataset improves on standard CPI release – somewhatBill Mitchell | Professor in Economics and Director of the Centre of Full

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