In the News
Changes to the CPI Basket for 2017
15th March 2017
Gin, cycle helmets, jigsaws, lactose-free drinks and base layer clothing is in whilst spirit-based drinks, brake pads, children's swings and the fee for stopping a cheque are out. The annual re-calibration of the basket of goods and services used to calculate the consumer price index has been made and it seems that fitness conscious middle-aged people who dabble in Yakult are having even more of an effect on official inflation that I thought.
Find out all of the details here from the ONS web site
Hipster culture has spread to mainstream consumer shopping habits, say UK government statisticians: https://t.co/NzJWah8WYy pic.twitter.com/Ju8y3jwlqY
— Guardian Business (@BusinessDesk) March 15, 2017
More on the CPI inflation basket. BBC News - Children's scooters added to inflation basket https://t.co/fKA0FfG8Hm
— Alison Matthews (@mathenomics) March 15, 2017
Geoff Riley
Geoff Riley FRSA has been teaching Economics for over thirty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD conferences in the UK and overseas.
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