UK to Weigh CPI Data Overhaul to Better Gauge Inflation's Path
The UK is poised to consider overhauling its monthly consumer price index figures to smooth out seasonal swings, according to people familiar with the matter, a step that would help the Bank of England and investors better gauge the shifts in inflation pressures.
The Office for National Statistics is planning to launch a consultation in the coming months on whether to create seasonally adjusted month-on-month inflation figures, said the people, who asked not to be named. Countries like the US and France already use that technique to remove the volatility caused by price changes that routinely happen at particular times of the year.
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