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Blue Book 2011 Improvements to Household Expenditure estimates, Q2 2011

Blue Book 2011 Improvements to Household Expenditure estimates, Q2 2011-2025

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The document discusses the improvements made to Household Final Consumption Expenditure (HHFCE) estimates as part of the Blue Book 2011, detailing changes in IT systems, methods, and classifications from 1997 to 2011. Key updates include the adoption of new classification systems (SIC 2007 and CPA 2008), a new seasonal adjustment model (X-12-ARIMA), and a shift from using the Retail Prices Index to the Consumer Prices Index for deflation. The article highlights how these changes enhance the accuracy and coherence of household expenditure estimates with other economic data, while also outlining future developments planned for HHFCE.

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