Abstract
This chapter continues the story of measures of inflation in the UK and covers a period of two decades which saw significant change in the use and measurement of inflation statistics. A number of these developments have had long-lasting consequences for the statistics considered in this volume. This period also includes the development of a formal inflation targeting regime in the UK, with the target specified in terms of annual changes in the Retail Prices Index. This is followed by the development of the Harmonised Index of Consumer Prices by the European Union, the UK implementation of which is the Consumer Prices Index.
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