The Office for National Statistics (ONS) will soon begin using Auto Trader’s pricing data to make its official measures of inflation more robust, including the Consumer Prices Index (CPI).
Auto Trader’s pricing data will be utilised for experimental estimates in June and included in the headline inflation measures from next year. It is hoped this data will more accurately represent the rise in prices of used cars, one of the main drivers of inflation over the past year.
The ONS is...
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