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1 | (12) |
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1.1 Prices, the Value of Money and Indexation |
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1 | (2) |
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1.2 The Road to Modern Inflation Measurement |
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3 | (1) |
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1.3 Monetarism and Inflation Targetting |
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4 | (1) |
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1.4 The Uses of Inflation Measures |
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5 | (2) |
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1.5 The Effects of Changes in Inflation Measurement |
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7 | (1) |
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1.6 The Wider Picture for Measuring Inflation in Consumer Prices |
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8 | (1) |
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1.7 The Longer Term and the Need for Stability |
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9 | (1) |
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10 | (3) |
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2 The Early History of Inflation Measurement |
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13 | (20) |
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13 | (1) |
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2.2 The Origins of Inflation Measurement |
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14 | (4) |
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2.3 Combining Prices and Expenditure Data |
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18 | (1) |
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2.4 Early Household Expenditure Data |
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19 | (1) |
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20 | (1) |
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2.6 Better Statistics and the Political Debate |
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21 | (1) |
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2.7 Early Official Price and Household Expenditure Data |
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22 | (2) |
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2.8 The First World War and the Cost of Living |
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24 | (1) |
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25 | (1) |
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2.10 The Second World War |
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26 | (1) |
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2.11 After the Second World War |
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27 | (2) |
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29 | (1) |
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30 | (3) |
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3 The Launch of the Index of Retail Prices |
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33 | (16) |
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3.1 The New Household Expenditure Survey |
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33 | (6) |
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3.1.1 Defining the Population with Typical Expenditure Patterns |
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36 | (2) |
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3.1.2 Regular Updating of Expenditure |
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38 | (1) |
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3.2 The New Index of Retail Prices |
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39 | (2) |
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3.2.1 Not the Cost of Living |
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40 | (1) |
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3.2.2 A Designed Index System |
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40 | (1) |
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3.3 Enhancing the Basket and Scope of the Index |
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41 | (4) |
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41 | (1) |
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3.3.2 Price Definition Challenges |
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42 | (1) |
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3.3.3 Owner Occupiers' Housing Costs |
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43 | (1) |
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44 | (1) |
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44 | (1) |
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3.3.6 Elementary Aggregates |
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44 | (1) |
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3.4 A Period of Stability |
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45 | (1) |
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3.5 Uses of the Retail Prices Index |
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45 | (1) |
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46 | (3) |
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49 | (18) |
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50 | (2) |
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52 | (3) |
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4.3 Price Collection at the Local Level |
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55 | (1) |
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4.4 The Treatment of Clothing |
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56 | (2) |
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4.5 The Treatment of Electronic Goods, and Hedonics |
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58 | (1) |
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4.6 Owner Occupiers' Housing Revisited |
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59 | (4) |
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4.7 Conclusion: Improving the RPI? |
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63 | (1) |
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63 | (4) |
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5 The RPI in the Political Sphere |
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67 | (16) |
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5.1 The Independence of Official Statistics |
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68 | (1) |
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5.2 The Boskin Commission |
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69 | (2) |
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5.3 The Harmonised Index of Consumer Prices |
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71 | (1) |
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5.4 An Inevitable Sequence of Events? |
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72 | (1) |
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73 | (1) |
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5.6 The Cost of Living Framework |
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74 | (1) |
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5.7 The Adoption of Inflation Targeting |
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75 | (1) |
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76 | (2) |
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78 | (1) |
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79 | (1) |
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80 | (3) |
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6 Reviews of the RPI and the Loss of National Statistics Status |
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83 | (26) |
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83 | (1) |
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84 | (2) |
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6.3 Assessing the RPI Methodology |
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86 | (1) |
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87 | (1) |
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6.5 UK Statistics Authority Assessment Report |
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88 | (1) |
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6.6 ONS Work on the Formula Effect |
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89 | (7) |
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6.6.1 Clothing Inflation Measurement |
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89 | (2) |
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6.6.2 The Formula Effect in Other Countries |
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91 | (1) |
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91 | (2) |
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6.6.4 Methodology Work---Economic and Statistical Approaches |
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93 | (3) |
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6.7 Bringing the Work Together |
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96 | (1) |
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6.8 The 2012 Consultation |
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97 | (3) |
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6.9 The Johnson Review of Consumer Price Statistics |
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100 | (4) |
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101 | (1) |
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6.9.2 General Conclusions of the Review |
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102 | (1) |
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6.9.3 After the Review Report |
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102 | (2) |
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104 | (5) |
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109 | (20) |
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109 | (1) |
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7.2 Government Uses of the RPI and the Switch to Using the CPI |
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110 | (5) |
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110 | (3) |
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113 | (1) |
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7.2.3 Private Sector Changes |
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114 | (1) |
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7.3 More Deeply Embedded Uses of the RPI |
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115 | (2) |
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7.3.1 Student Loans and Regulated Rail Fares |
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115 | (1) |
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7.3.2 Private Sector Pensions |
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115 | (2) |
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117 | (1) |
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7.4 An Unsatisfactory Situation |
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117 | (1) |
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7.5 Royal Statistical Society Meeting in 2018 |
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118 | (1) |
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7.6 The House of Lords Inquiry, 2018--2019 |
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119 | (1) |
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7.7 The Issues with the Current Position |
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120 | (1) |
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121 | (1) |
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122 | (2) |
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124 | (5) |
Appendix A How Consumer Price Indices are Calculated |
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129 | (4) |
Appendix B Events and Dates |
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133 | (2) |
Index |
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135 | |