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Type: IFS Reports Authors: Ian Crawford and Zoë Oldfield
Volume, issue, pages: 35 pp
ISBN: 978-1-903274-26-2 IFS member price: £10 Non-member price: £25
Press release: The variation of inflation across the population The main measure of inflation in the UK is the retail price index (RPI). One way to think of the RPI is as a measure of the changing cost of buying a very large shopping basket containing all of the purchases of a typical UK household. There is, of course, no such thing as a typical household. As a result, inflation varies across the household population, and it would be remarkable if the RPI were a good measure of inflation for every household. This IFS commentary explores the issues surrounding the extent and the implications of differences in inflation rates between households. Search |
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