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Teaching Economics

Explanations

Meet the CPI Foot Soldiers

Graham Watson

14th February 2017

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With CPI inflation climbing to 1.8% in January, the highest since June 2014, this is a timely and excellent Katie Allen piece looking at the simple mechanics behind inflation figures, highlighting how the data is collected across the UK.

As she notes: "This week’s number, as in every month, will be based in part on 100,000 prices for about 520 items harvested by price collectors in 150 places."

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Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to Tutor2U, reads voraciously and is interested in all aspects of Teaching and Learning.

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