ONS will be introducing the collection of grocery scanner data in Q1 2025 (pending no more delays!), where 300 million price points will get collected each month from supermarkets. That will be far higher than the 25,000 price points collected manually in-store, as is current.
This will help in more accurately estimating the prices that consumers *actually* pay for goods in-store, after factoring in loyalty card discounts (which have become very popular over the past couple of years), better reflecting the lived experience of price movements.
This is something that isn't currently being done, leading to a slight upward bias on published food and non-alcoholic beverages inflation figures.
Watch the video to find out how we are changing the way we collect prices to help measure inflation 🛒
Read the full release to find out more ➡️ https://lnkd.in/ea5T27BF