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ONS Halts Price Indices Amid Long-Standing Data Errors

3/21/2025

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Summary

Story summary

The UK's Office for National Statistics has hit the brakes on its producer price indices publication, revealing methodology errors dating back to 2008 that skewed data for 2022 and 2023. With a commitment to resolve these issues by summer 2024, the ONS also faces delays in enhancing the Labour Force Survey, potentially pushing improvements to 2026 or 2027.

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Story summary

The UK's Office for National Statistics has hit the brakes on its producer price indices publication, revealing methodology errors dating back to 2008 that skewed data for 2022 and 2023. With a commitment to resolve these issues by summer 2024, the ONS also faces delays in enhancing the Labour Force Survey, potentially pushing improvements to 2026 or 2027.