Impact of VAT reduction on the consumer price indices

This article explains how ONS successfully measured prices for the consumer price indices following the temporary reduction in the rate of VAT from 17.5 per cent to 15 per cent from 1 December 2008. It became more difficult to measure prices because in December 2008 many shops lowered their till pri...

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Veröffentlicht in:Economic & labour market review 2009-08, Vol.3 (8), p.17-21
Hauptverfasser: Pike, Rob, Lewis, Mark, Turner, Daniel
Format: Artikel
Sprache:eng
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