ONS (@ONS) Statement on the future of consumer price #inflation statistics in the UK https://t.co/esKX9h9yFpNews of the change comes after a rise in inflation the wake of the Brexit vote, stoked by the sharp drop in the pound. The latest CPI figure, out on Tuesday, is expected to put inflation at a two-year high of 1.1%. That backdrop has added to concerns of those who believe CPIH is lacking as a measure. “We seem to be getting ourselves into quite a muddle about which measure of inflation we should focus on,” said Sentance. But the ONS deputy national statistician responds that it is precisely this “alphabet soup” of inflation measures that supports its move to announce a move to focussing on CPIH.

Source: The Guardian November 15, 2016 06:00 UTC