I attach drafts of my submission plus background notes for the meeting on the 13th June on the Future of the RPI.
The submission is for the large part narrowly focussed on one section of the ONS article "Shortcomings of the Retail Prices Index as a measure of inflation" – the section on Carli and the RPI. Arguments presented in that section are wrong mathematically or misleading. Criticisms directed at the RPI also apply to CPI and CPIH.
This is not new but what is perhaps more worrying is that the National Statistician and the Chair of UKSA have both signed up to arguments in the section. The question then arises of what this says for trust in ONS and UKSA, and possibly for government statistics in general.
The attached draft background notes largely consist of extracts from ONS and international publications, and the Johnson Review to support the submission.
Below for convenience is the short bulleted summary from the submission.
Any comments would be welcome.
All the best.
Bulleted summary –
"… no-one can just expect to be trusted."
Those who are unable to attend the meeting itself but still interested in contributing, via a written submission, are also asked to email email@example.com(Please note that this meeting will be recorded and written contributions will be published on the RSS website.)
Please arrive at around 5.45pm when refreshments will be available and there will be post-meeting drinks to continue the discussion
Organiser Name Iain Wilton
Email Address firstname.lastname@example.org
Organising Group(s) Royal Statistical Society