Blog by author

Dixon, H's picture

Prof Huw Dixon

Posted: 26 October, 2020 - 07:49

This blog is written by NIESR Fellow Huw Dixon. Any opinions expressed in the paper are those of the author, and do not necessarily reflect the views of the Institute

 

 

Summary

The CPIH measure of inflation has increased to 0.7% in September 2020, from its August level of 0.5%. The CPILW decreased slightly to 0.9% from the August value of 1.0%.

Dixon, H's picture

Prof Huw Dixon

Posted: 16 September, 2020 - 14:18

This blog is written by NIESR Fellow Huw Dixon. Any opinions expressed in the paper are those of the author, and do not necessarily reflect the views of the Institute

 

Summary

The CPIH measure of inflation has decreased to 0.5% in August 2020, from its July level of 1.1%. The CPILW fell by less, with an August value of 1.0% down from the previous month 1.2%. 

Dixon, H's picture

Prof Huw Dixon

Posted: 19 August, 2020 - 12:09

The CPIH measure of inflation has increased to 1.1% and now the gap between the lockdown measure CPILW of 1.2% is small. The use of pre-pandemic expenditure weights is no longer leading to an under-estimate of inflation.

Inflation is set to increase as the pandemic raises costs in many parts of the economy.  This is unlikely to happen in 2020 as demand will remain low as unemployment and bankruptcies increase in the coming months. 

Dixon, H's picture

Prof Huw Dixon

Posted: 15 July, 2020 - 11:58

The CPILW for June 2020 is 1.1%, unchanged from 1.1% in May. This is 0.3% above the official CPIH of 0.8% and indicates that the official inflation measure CPIH understates inflation.

Dixon, H's picture

Prof Huw Dixon

Posted: 17 June, 2020 - 15:31

The CPILW for May 2020 is 1.1%, a slight fall from 1.2% in April. It is 0.4% above the official CPIH and indicates that the official inflation measure CPIH understates inflation.

Dixon, H's picture

Prof Huw Dixon

Posted: 8 May, 2020 - 15:28

The ONS intends to alter the way it computes the CPIH index in response to the CV19 Lockdown and social distancing (ONS 2020).  Partly this has to do with the collection of prices: partly with the calculation itself.  Indeed in yesterday’s published minutes of the MPC, the problems of the scope of collection and the availability of certain price series was highlighted