MM19: UK Aerospace and Electronics Cost Indices (2005=100)

Cost indices for four UK aerospace and electronics industries, calculated on a base year of 2005=100. The dataset contains indices for the purchase of materials and fuels, earnings and National Insurance, and general expenses, as compiled by the Office for National Statistics. It is designated as National Statistics and is used for inflation measurement and contract price adjustment.

Use Cases

• Adjusting long-term trading contract prices based on industry-specific cost indices.
• Analyzing inflation trends in aerospace and electronics sectors based on materials, fuel, and labor cost data.
• Benchmarking company operational expenses against national industry cost indices.
• Informing government economic policy related to industrial inflation and competitiveness.

Strengths

• Designated as National Statistics, indicating it is an authoritative government source.
• Based on the revised Standard Industrial Classification (SIC 2007), ensuring consistent industry definitions.
• Uses a fixed base year (2005=100), allowing for clear longitudinal analysis.

Limitations

• Column-level documentation is absent; field semantics must be inferred after download.
• Row count and dataset scale are unknown, which may limit suitability assessment.
• Data may reflect geographic bias inherent to its UK-only source.

Provenance

Source

Office for National Statistics

Collection Method

Calculated indices based on the Standard Industrial Classification (SIC 2007).

Time Range

Base year 2005=100; specific temporal coverage is not detailed.

Freshness

Last updated 2026-07-08 13:33:29.631569; freshness should be verified.

Geography

United Kingdom