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Economic Indicators

Infographic comparing GDP with well-being indicators such as Human Development Index (HDI), Gini coefficient, Environmental Performance Index (EPI), Better Life Index (BLI), and Gross National Happiness (GNH). The image includes a world map highlighting countries like the USA, Norway, Sweden, Denmark, China, India, Bhutan, New Zealand, and Costa Rica, with icons representing health, education, environment, and income equality.
Economic IndicatorsEconomy

GDP as a Measure of Well-being: Advantages and Limitations

Defining GDP and its Purpose Gross Domestic Product (GDP) is a monetary measure representing the market value of all final goods and services...

ByJune 21, 2024
A 4D design image with a dark blue background representing the calculation of the Consumer Prices Index (CPI). The image features white icons including a basket of goods, a magnifying glass, and a graph, connected by lines to show the process. The icons are arranged in a clean, modern style, illustrating the key elements of CPI calculation that the ONS use such as data collection and inflation trends.
Economic IndicatorsEconomy

How the Office for National Statistics (ONS) Calculates the Consumer Prices Index (CPI)

Key Points: The Consumer Prices Index (CPI) is a vital economic indicator that measures the average change in prices over time for a...

ByJune 14, 2024
This minimalist graphic represents the historical trends in the Consumer Price Index through a line graph with shopping baskets at key points, indicating significant changes over the years. The simple design effectively communicates the fluctuations in consumer prices.
Economic Indicators

The History of the Consumer Price Index

The Consumer Price Index (CPI) is one of the most widely used indicators of inflation and economic health. It measures the average change...

ByJune 5, 2024
This image features a stylised representation of financial calculation tools, designed in a modern, minimalistic style. A calculator with various mathematical symbols and a shopping cart icon is encircled by a ring with other financial icons like a percentage symbol and a paw print, suggesting concepts related to budgeting, spending, and calculating things like consumer index pricing, CPI.
Economic Indicators

Understanding the CPI: How It Is Calculated and What It Measures

The Consumer Price Index (CPI) is a crucial economic indicator that helps to measure the average change over time in the prices paid...

ByJune 5, 2024
Simple graphic icon of a shopping basket with a percentage sign, encapsulating the concept of discounts and savings in consumer purchases, directly tied to understanding how the Consumer Price Index impacts everyday shopping and economy.
Economic Indicators

What is the Consumer Price Index (CPI)? A Beginner’s Guide

The Consumer Price Index (CPI) is a crucial economic indicator that helps track changes in the price level of a basket of goods...

ByJune 5, 2024

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