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ONS updates the ‘Basket of Goods’ used to calculate inflation with more modern items
Changes have been made to the basket of goods used to calculate inflation, to reflect the cleaner living lifestyles of consumers and their concern for the environment .
The Office for National Statistics’ ‘Basket of goods and services’ holds 700 items which people are currently spending their money on.
This year has seen alcopops taken out frozen berries for smoothies added, as well the introduction of things like ebikes and home security devices.
Alicia has been hearing more from the ONS Deputy Director of Prices Transformation, Mike Hardie.
James Dickman 14th March 2023
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Westminster