The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for the
The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for the current year, which is based on The Bank of England's forecast. You may use the ...
and unofficial. The Consumer Price Index, normally used to compute inflation, has only been tracked since 1988. All inflation calculations after 1988 use the Office for National Statistics' Consumer Price Index, except for the current year, which is based onThe Bank of England's forecast. ...
This effect explains how inflation erodes the value of a pound over time. By calculating the value in 2014 dollars, the chart below shows how £100 is worth less over 4 years. Download According to the Office for National Statistics, each of these GBP amounts below is equal in terms of...