Inflation Basket: eBooks In, Champagne Out

Written By Unknown on Selasa, 12 Maret 2013 | 18.56

The growing popularity of eBooks on devices such as Kindles has pushed them into the so-called 'baskets of goods and services' used to measure official inflation rates.

In its annual review of what should be included to calculate the Consumer Prices Index (CPI) and Retail Prices Index (RPI), the Office for National Statistics (ONS) said that eBooks "represent a significant and growing market, with recent increases in the number of people reading books digitally."

The ONS also added digital television recorder/receivers, including personal video recorders, which are replacing standard Freeview receiver boxes.

Some of the more bizarre additions include continental sliced deli type meats and packaged vegetables for a stir-fry.

It said white rum, bought from either off-licences or shops, was being included to cover spirits that are drunk by younger people.

Champagne sold in restaurants and bars was among the goods taken out of the basket, as the amount drunk continues to fall amid the squeeze on consumer spending.

The round lettuce was also removed but is still covered by iceberg lettuce and pre-packed salad, the ONS assured.

CPI and RPI are calculated using 180,000 price quotations every month, covering around 700 goods and services from 150 areas across the UK.


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