LONDON (Reuters) - Britain's statistics authorities have temporarily removed official status on Friday from producer price data published from November 2020 onwards, following the discovery of
UK Temporarily Revokes Official Status of Producer Price Data
LONDON (Reuters) - Britain's statistics authorities have temporarily removed official status on Friday from producer price data published from November 2020 onwards, following the discovery of calculation errors.
Britain's Office for National Statistics suspended the publication of new producer price data in March after finding an error in how 'chain-linking' methods had been coded into its data production systems.
The Office for Statistics Regulation said on Friday it had agreed to a request from the ONS to remove the "accredited official status" from the older data, pending potential revisions.
The changes affect the producer price indices including the export price index, import price index and services producer price indices. Measures of consumer price inflation are unaffected.
(Reporting by David Milliken, editing by Andy Bruce)
