Rail fares data to transform consumer price statistics

[whole diary]

[CyclingSid]

This might be of interest to some.

https://www.ons.gov.uk/economy/inflationandpriceindices/articles/usingtransactionlevelrailfaresdatatotransformconsumerpricestatisticsuk/2022-06-28

They say "If we had used these data and methods between February 2019 and February 2022, there would have been negligible impact on the headline rate for CPIH and CPI^▸ (Consumer Prices Index - a measure of inflation), but our understanding of what was driving price changes in this category would have been substantially improved."

Not sure I understand "It does not retail." has this been over-shortened to the point of unintelligibility?

The South West "or example we see that the South West is showing the highest level of inflation of all the regions. In this region, rail inflation is 4.5% higher in September 2020 than January 2019, and 9% higher by December 2021. By further inspecting the elementary aggregate indices for the South West, the main driver of this inflation is mostly because of a gradual increase in the price of advance fares (that are unregulated) in this region."

[ChrisB]

I read “does bot retail” as unavailable to the public (access to LENNON^▸ (Latest Earnings Nationally Networked Over-Night (allocation of daily fares))).

But I may be completely wrong!

[stuving]

I read “does bot retail” as unavailable to the public (access to LENNON^▸ (Latest Earnings Nationally Networked Over-Night (allocation of daily fares))).

But I may be completely wrong!

I read it as "LENNON does not sell tickets, it collects data from those systems that do."

[eightonedee]

Agreed Stuving - an example of where using a word that I imagine was not originally a verb (retail - an adjective?) into a verb to save a word or two ("sell tickets") makes things less clear, not clearer.

Mind you, it's easier for me to understand than "A GEKS-Törnqvist index using a mean splice on the published series with a 25-month window, is used for calculation of these low-level stratum (elementary aggregate) indices."!