What is the Inflation Tracker Tool?
Rising inflation is forcing businesses to quickly change their strategy to account for price increases. IBISWorld has created the Inflation Tracker Tool to help you understand different industries’ exposure to inflation.
The Inflation Tracker Tool offers a holistic view of how inflation is affecting industries, products and supply chains across the board. Accessible as an Excel document, this tool combines several different worksheets that deliver custom content based on your selections.
Solutions are available for the US, UK, Australia and Germany.
How to access the Inflation Tracker Tool
You can find the latest version of the Inflation Tracker Tool in the Expert Tools tab located in the top navigation of the IBISWorld database. The tool is updated monthly for each country.
What is the Index Tracker worksheet?
The Index Tracker worksheet helps you understand current inflation levels through different indices and their respective segments. Your access to indices depends on where you’re located and which tool you’re using:
The UK tool has three indices: the Consumer Price Index (CPI), the Consumer Prices Index including owner occupiers' housing costs (CPIH) and the Retail Price Index (RPI)
The German tool has two indices: the CPI (Verbraucherpreisindex or VPI in German) and the Harmonised Indices of Consumer Prices (Harmonisierter Verbraucherpreisindex or HVPI in German)
The Australian tool has two indices: the CPI and Wage Price Index (WPI)
The US tool has one index: the CPI
Use this worksheet by selecting an index on the left side of the tool. To the right, we compare relevant figures from the current and previous years, breaking down the quarterly change as well as the yearly change.
Farthest to the right, the red bar graph (US, UK and German tools) shows you the latest 12-month rolling inflation level. The blue bar graph (Australian tool) reflects the year-over-year change in inflation from the current year to the previous one.
Sourcing differs from geography to geography, with the UK referring to the Office for National Statistics (ONS), Germany using the Federal Statistical Office (Destatis), Australia relying on the Australian Bureau of Statistics (ABS) and the US pulling from the Federal Reserve Bank of St. Louis (FRED) data.
What is the Industry Tracker worksheet?
The Industry Tracker functions as an industry warning system. In this worksheet, gain a quick understanding of which industries are most exposed to CPI costs, WPI costs and more. You can view all industries within a sector by using the selection across the top of the worksheet.
Or scroll right to see the overall risk levels for each sector.
We've also put together top 10 lists within the sector (see bottom right corner) to help you cut down on sorting and filtering steps.
What is the Industry Focus worksheet?
The Industry Focus worksheet takes you beyond the sector view and into specific industry drill-downs. Currently available for ANZSIC 2006, WZ 2008 and UK SIC 2007 titles, the data on this worksheet helps you measure inflation across the supply chain.
The supply view in the Australian tool is based on Input-Output Product Classification (IOPC) items, whereas the UK and German tools rely on the Classification of Products of Activity Revision 2.1.
We cover the top buying and supplying industries within the supply chain, as well as a holistic view of the supply chain, showing how each relevant industry is affected by inflation and how it's weighted.
What is the Custom View worksheet? (Available for UK, Australia and Germany)
If sector groupings aren't right for you, the Custom View worksheet can help you create and track specialised groups based on your business activities.
Custom groups are first created within the Settings worksheet and then displayed in the dropdown menu on the Custom View worksheet. Set up your custom groups in advance and easily toggle between different groups based on your chosen naming conventions.
Descriptions and definitions
For a quick and accessible user guide, you can jump to the Descriptions and Definitions worksheet at any time. You can also look for the Usage Guidance tab in the US and UK tools. Here, we remind you what each worksheet is used for and explain our sources and methods.
How often is the tool updated?
The Update History tab is updated with each new release. Get insight into the latest changes and access release notes that detail the reasons and/or methods behind each change.
Other usage tips
Microsoft Office may display a “Security Risk” warning and block macros from running when the tool is first downloaded.
The Inflation Tracker Tool does not use macros that scrape data from the user’s own computer. However, it does require other macros to run successfully.
To unblock macros, click “Learn More” and follow the steps in Microsoft’s documentation on unblocking macros.
If you download the Inflation Tracker Tool and do not see this “Security Risk” warning, make sure macros are unblocked by following the directions in Microsoft’s documentation on changing macro settings.
For additional questions regarding the Inflation Tracker Tool, please contact your Client Relationship Manager. If you don’t have an IBISWorld account, please contact us to learn more about our membership options.