uk-inflation-forecasting

Introduction

This repository contains an analysis of the UK's Consumer Prices Index including owner-occupiers' housing costs (CPIH) from historical data and forecasts for the upcoming years.

Data Source

The data used for this analysis is sourced from Office for National Statistics.

Highlights

• Historical CPIH data shows significant fluctuations, with peaks in the early '90s and in 2022, with stability through the late '90s, '00s, and 10's.
• The analysis suggests a trend of economic stabilization in 2024 and beyond.
• For a detailed understanding, see below.

Viewing the Analysis

To view the rendered R Markdown sheet (containing code, plots & analysis) => (https://deedahir.github.io/uk-inflation-forecasting/)

Tools and Technologies Used

• R: The primary tool used for data analysis and visualization.
• R Markdown: Used to document the analysis process and generate the final report in HTML format.

Required Libraries

ggplot() arima() forecast()

Contribution & Feedback

If you have suggestions or feedback, feel free to open an issue or submit a pull request.