A new method of calculating the consumer price index

[video: https://www.cbs.nl//en-gb/video/0f49168a5fed4319ada2399cf48cc206]

Subtitled in English

Due to the rapid increase in energy prices in recent years, it became apparent that the traditional method of calculating the consumer price index (CPI) and inflation was no longer sufficient. CBS chief economist Peter Hein van Mulligen explains in five minutes why it was decided to switch to a new method and what the consequences are.

Contents

00:00 What happened?
00:47 Investigation started
01:17 How does Statistics Netherlands calculate inflation
02:21 The new method and its consequences
03:43 What does the introduction of the new method mean for inflation
04:38 What are the consequences for users of the CPI?