Tablet Computers Added to Basket Of Goods & Services Used To Measure Inflation | Business | Sky News
The so-called ‘shopping basket’ is reviewed each year and items are added or removed according to their on-going relevance in modern consumer society.
Also added for 2012 are cans of Stout to differentiate between other beers, pineapple and baby wipes.
“We already collect apples, pears, oranges, grapes, bananas etc, but exotic fruit is becoming more popular so we brought in pineapple to represent the consumers who purchase that,” explains Darren Morgan from the ONS.
The basket traditionally keeps track of changing technological habits; Smartphones and Apps were added in 2011 and bundled communication packages (internet, phone and tv subscriptions) have been included this year.
Conversely, the cost of developing and printing colour camera films has been removed due to the now virtual dominance of digital cameras.
But it can also characterise what might be best described as guilty pleasures: takeaway chicken and chips is a new addition to the 2012 list.
Strange Random Inflation Quote:
“By a continuing process of inflation, government can confiscate, secretly and unobserved, an important part of the wealth of their citizens.” – John Maynard Keynes(English economist, journalist, and financier, 1883-1946)
- Teenage fiction and iPads now in official UK shopping basket (guardian.co.uk)
- Inflation is a bruising bully make no mistake (blogs.confused.com)
- CPI – Inflation Rising ‘a bit’ (toddballenger.typepad.com)
- Saudi Arabia and Egypt Face Increasing Inflationary Pressures (ibtimes.com)
- Inflation and how we act (myfinancialbodyguard.typepad.com)
Posted on March 13, 2012, in Article and tagged Darren Morgan, Inflation, IPad, John Maynard Keynes, Market basket, Office for National Statistics, Sky News, Smartphone, Tablet computer. Bookmark the permalink. Leave a comment.