A Practical Introduction to Index Numbers offers an accessible entry point into the world of index numbers for statisticians, economists, and anyone with a numerate background. Author Jeff Ralph expertly blends theoretical foundations with practical applications, ensuring that readers gain a well-rounded understanding of this essential topic. The book delves deeply into the construction and use of the Consumer Prices Index (CPI), widely recognized as one of the most critical official statistics in the United Kingdom. Additionally, it addresses contemporary challenges and advancements within the field, such as the utilization of extensive price transaction data.

This text serves as an invaluable resource for students preparing for the index number sections of the Royal Statistical Society Ordinary and Higher Certificate exams. It includes recommended pathways through the material and a comprehensive set of exercises complete with solutions to facilitate learning and application of concepts.