Price stability and inflation

The north south divide

This is a great piece of data to help you look at cost of living and the North/South divide.

read more...»

Inflation basket

The constituent parts of the basket that makes up the measure for CPI & RPI inflation is being updated to reflect changes in trends.

read more...»

Should the Pound shop be renamed?

read more...»

Supermarket price wars cause inflation fall

Figures released today show that inflation has fallen to 4.2% in December. Many retailers, in particular the supermarkets launched heavy tactics to ensure sales in the run up to Christmas.
A supermarket price war broke out after Tesco announced a £500 million price-cutting campaign, Asda guaranteed to be 10% cheaper than its rivals and Sainsbury’s launched its own brand price matching scheme.

read more...»

The grocery shop is getting cheaper!

A great article here for students to get to grips with what real terms is. Comparing the grocery shop today with what it would have cost in1862 shows that A Victorian shopper would have needed £1,254.17 in real terms to fill their weekly basket with a selected range of food, drink and house-hold items, compared with £93.95 today.

read more...»

Inflation - great short video

I showed my class this really good short video on inflation this morning. It is great as a recap or a starter on inflation. Lots of the key points students need to know are in there.

read more...»

Inflation - interactive guide

The updated inflation interactive guide is here. Following the announcement earlier today that inflation has jumped to 5.2%. The interactive guide is a great way for students to get an idea of what has been going on with inflation since 2006.

Squeeze on family income

Food prices have hit a two year high putting a big strain on family incomes. I have certainly noticed in the past 6 months my weekly food bill is rising almost week by week, even though I am buying the same things!
With the price of petrol, insurance and energy also rising alongside wage freezes in some sectors, families are facing a very tough balancing act.

read more...»

Petrol pushes cost of owning a car up

We have all seen the constantly increasing price of petrol in recent times. So you will not be surprised to hear that the increasing cost of petrol is one of the main factors causing the cost of running a car to jump by 20%. In addition insurance premiums have risen significantly.

read more...»

Inflation up again

Figures released today show that the CPI has risen to 4.5% in April. This is a larger than expected rise.

Click here for a great short video.
And for those students working on their revision ahead of their exams the BBC have produced a great short article “Inflation explained”

read more...»

iPhone in, shoulder of pork out

The Office for National Statistics has announced the changes to the basket of goods used to calculate inflation. Smartphones and ‘apps’ along with dating agency fees have gone into the basket. On the outgoing list is shoulder of pork, women’s fleece jackets and hardboard.
The ONS collects about 180,000 prices every month for a basket of about 650 goods and services - the most comprehensive survey of its kind in the UK.

read more...»

Great inflation resources

Once again we have seen a rise in the inflation rate. January saw inflation measured by the CPI rise from 3.7% to 4%. The data below would be great for a data description question:

read more...»

What do these 4 items have in common?

read more...»

How the inflation rise will affect the Christmas dinner

The November inflation figure has been announced and has risen to 3.3%. This short video explains how the rise in inflation is going to affect your Christmas dinner.