Economic Indicators 

Underestimating growth?

Chris Dillow

Chris Dillow
Underestimating growth?

Are we better off than official figures tell us? This is the possibility raised by a recent report from the Economic Statistics Centre of Excellence. It shows that prices of telecoms services have fallen far more since 2010 than official statisticians estimate. This means the Office for National Statistics (ONS) has overstated inflation.

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