Article 3J1G6 Quiche in, pork pies out! UK inflation goods basket changes for 2018

Quiche in, pork pies out! UK inflation goods basket changes for 2018

by
Julia Kollewe
from Economics | The Guardian on (#3J1G6)

ONS basket shakeup adds gym leggings and soft play and drops full leg wax and pasties

Women's activewear leggings, quiche and raspberries are in vogue while pork pies and bottles of lager drunk in nightclubs are out, in the annual shakeup of the UK's official shopping basket.

Gym leggings, made popular by athleisure brands such as Beyonci(C)'s Ivy Park, have been added to the basket used by the Office for National Statistics to measure inflation. "Action cameras" such as GoPros are now also included, as people film themselves during extreme sports and other activities.

Inflation is when prices rise. Deflation is the opposite - price decreases over time - but inflation is far more common.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2025
Reply 0 comments