This is a UK news story, published by Sky News, that relates primarily to Office for National Statistics (ONS news.
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inflation figuresSky News
•Business
Business & Economics
76% Informative
Office for National Statistics (ONS ) is making major changes to how it gathers some of the UK 's most important data.
The Consumer Price Index (CPI) is being updated with a new system that aims to capture price changes more accurately.
Inflation figures influence the Bank of England's decisions on interest rates.
For workers, inflation also plays a role in wage negotiations.
ONS has shifted to using visa records, higher education statistics and tax data.
Under this new method, net migration has been much higher than previously thought, peaking at 906,000 in June 2023 .
Overall, the ONS increased its estimate for net migration in 2023 by more than 25% .
VR Score
88
Informative language
95
Neutral language
40
Article tone
semi-formal
Language
English
Language complexity
53
Offensive language
not offensive
Hate speech
not hateful
Attention-grabbing headline
not detected
Known propaganda techniques
not detected
Time-value
short-lived
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no external sources
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