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Office for National Statistics Price Data
Retail & Consumer Behavior
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About
Price quote information and item indices form the basis for the UK's consumer price inflation statistics. This data, from the UK's Office for National Statistics, offers access to the granular data used to construct the nation's inflation figures. Published monthly since January 2017, it provides timely insights into economic trends, covering a period of over a decade, allowing for in-depth analysis of price changes.
Columns
- QUOTE_DATE: The date when the price quote was recorded.
- ITEM_ID: A unique identifier for each distinct item.
- ITEM_DESC: A text description of the item.
- VALIDITY: An indicator of the price quote's validity.
- SHOP_CODE: A code that identifies the specific shop where the price was recorded.
- PRICE: The recorded price of the item.
- INDICATOR_BOX: An indicator field related to the price quote.
- ORIG_INDICATOR_BOX: The original indicator field before any processing or changes.
- PRICE_RELATIVE: The price relative to a base price.
- LOG_PRICE_RELATIVE: The natural logarithm of the price relative.
- STRATUM_WEIGHT: The weight assigned to the stratum in the index calculation.
- STRATUM_TYPE: The type of stratum.
- START_DATE: The start date for the data entry.
- END_DATE: The end date for the data entry.
- REGION: A code representing the geographical region in the UK.
- SHOP_TYPE: A code indicating the type of shop.
- SHOP_WEIGHT: The weight assigned to the specific shop.
- BASE_PRICE: The base price used for calculating price relatives.
- BASE_VALIDITY: The validity of the base price.
- STRATUM_CELL: A cell identifier within a stratum.
Distribution
The dataset is provided in CSV format (
upload-pricequotes202301.csv) with a file size of approximately 14.67 MB. It contains 139,419 valid records across 20 columns. The data is updated quarterly.Usage
Ideal applications for this dataset include:
- Economic analysis and forecasting of inflation trends.
- Financial modelling and investment strategy development.
- Academic research into price elasticity and consumer behaviour.
- Business intelligence for retail pricing and market positioning.
- Developing data-driven models to predict market changes.
Coverage
The dataset's geographic scope is the United Kingdom, with data points categorised by region. The time range covers over a decade, with monthly data published since January 2017.
License
CC0: Public Domain
Who Can Use It
- Economists and Financial Analysts: To track and predict inflation, and analyse monetary policy impacts.
- Data Scientists and Researchers: For building predictive models on consumer prices and economic indicators.
- Business Strategists: To conduct competitive analysis and inform pricing strategies.
- Investors: To make informed decisions based on macroeconomic trends.
- Journalists and Policy Makers: To report on and understand the drivers of the UK economy.
Dataset Name Suggestions
- UK Consumer Price Inflation Microdata
- British Retail Price Index Data
- UK Inflation Statistics: Item Price Quotes
- Office for National Statistics Price Data
- United Kingdom Monthly Consumer Prices
Attributes
Original Data Source: Office for National Statistics Price Data
QUALITY