After calculation errors thwarted its spring data, ONS director general for statistics James Benford explains how the institute has ensured the publication of tomorrow’s Producer Prices Indices can go ahead

On Wednesday, the Office for National Statistics (ONS) will fully reintroduce our producer price and services producer price indices, as part of our monthly Prices Day. These show how the raw material costs faced by businesses (known as input prices) are changing, as well as the costs of their final products (output prices). These are not only useful for policy makers but are also important for working out how much of a change in firms’ turnover is driven by price changes and how much is due to a different volume of output, or ‘real’ GDP.

Regrettably, we had to suspend publication of these statistics in the spring, when we........

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