Pork pies thrown out of inflation basket

By James Sillars, Business Reporter
Pork pies and pasties have been thrown out of the official inflation basket of goods and services used to calculate inflation.
In its annual revision of the 700-odd items, the Office for National Statistics (ONS) said the two culinary favourites would now be classed under more general " meat-based snack" and "cooked pastry-based savoury snack" entries respectively.
It said the decisions reflected a widening of choices across takeaway outlets, with quiche and chilled mashed potato being added in the food category too.Other high profile changes included the exit of camcorders - replaced with action cameras.Edam cheese, peaches and nectarines, leg waxing and ATM charges were also taken out of the basket.
Pork pies thrown out of inflation basket

The inflation basket is updated every March
Digital media players such as Amazon Fire were brought in, as were high chairs, body moisturising lotion and women's exercise leggings.The ONS had reported only last month how it witnessed a dash for gym wear in the month after Christmas as food sales fell.
:: Inflation at 3% adds to rate rise pressureSenior statistician Philip Gooding said on Tuesday: "Every year we add new items to the basket to ensure that it reflects modern spending habits."We also update the weight each item has to ensure the overall inflation numbers reflect shoppers' experiences of inflation.
More from Business

Boards of Dove-maker Unilever finalise move to axe UK HQ

Toys R Us to shut with 3,000 job losses after failure to find buyer

Prudential demerger to result in two FTSE 100 companies

Travel firms 'fail' to give Brexit holiday clarity to customers

Google to ban cryptocurrency advertising

Sportech shares get a kicking as sale falls flat

"However, while we add and remove a number of items each year, the overall change is actually quite small."This year we changed 36 items out of a total basket of 714."
See also:
Leave a comment
  • Latest
  • Read
  • Commented
Calendar Content
«    Март 2018    »