Inflation rates have traditionally been measured by the annualized percentage change in the price level of a market … and services. Therefore, different households experience different inflation rates. This paper finds that these … experienced an inflation rate that was similar to the national average. Furthermore, the higher the average inflation rate over …

In this paper we model monthly UK inflation and find that there is some small but significant autocorrelation …, particularly at 12 months. We find that this autocorrelation in monthly inflation leads to significant persistence in the headline … annual inflation figure. A one-off shock to monthly inflation will have an effect on the headline figure equal to 10% of the …