ONS’s inflation measurement is changing, but the outcome may be unexpected
Annabel Denham writes for The Spectator
Julian Jessop writes for The Spectator
However, Julian points out that this socio-economic breakdown is not new, but rather is a continuation of how ONS measured inflation prior to February 2020.
Further, Julian also comments on the predictions of some that this renewed inflation measurement will demonstrate the greater extent to which poorer families have been impacted.
“There is a widespread assumption that recent inflation has hit poorer households worse, mainly because they spend a larger proportion of their income on food and, especially, domestic energy bills. Friday’s data will shed more light on this.”
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