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MNI BRIEF: ONS To Reweight Inflation On Pandemic-Era Spending

(MNI) London

The Office for National Statistics has reweighted its CPI and CPIH baskets for 2022, to further reflect pandemic era spending adjustments, consistent with international standards. The ONS said it will be publishing fuller details alongside the February inflation data due for release in March.

Martin Weale, a former BOE MPC member and an economic advisor to the ONS recently expressed some concern over this method, suggesting a closer alignment with pre-pandemic spending should be used. (MNI:Weightings May Distort 2022 UK Inflation Data- ONS Advisor)


MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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