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
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.
You might also like
Inflation and Deflation (Revision Presentation)
Teaching PowerPoints
Inflation - Measuring Inflation
Study Notes
Consumer Price Index MCQ Revision Question
Practice Exam Questions
CPI and CPIH Measures of Inflation
22nd March 2017
CPIH Inflation
Study Notes
Daily Email Updates
Subscribe to our daily digest and get the day’s content delivered fresh to your inbox every morning at 7am.
Signup for emails