Latest trends reflected in inflation basket
Alcohol-free beer and pet grooming used to measure inflation A shift towards healthy living has been reflected in changes to the way inflation is calculated. Alcohol-free beer and houmous are among the items added to the virtual basket of goods and services used by the Office for National Statistics (ONS) to chart the rising cost of living. The ONS collects the costs of 760 products and services across different retailers to come up with the monthly inflation figures. The items are reviewed every year and selected on the basis that they are representative of things that consumers typically spend their money on. Motorhomes, dashboard cameras, and pet grooming have also been added in the latest review. "This year, healthier lifestyle choices influence consumer spending, reflected by goods such as houmous and non-alcoholic beer," said Stephen Burgess, the deputy director for prices at the ONS. Image created with Chat GPT The items added or removed over time offer a fascinating i...