Leggings, quiche, and GoPro cameras: Here’s what the ONS is now using to calculate the UK’s cost of living
|03/13/2018||Posted by BusinessMediaguide.Com under General World News||
- The ONS updated its basket of goods on Tuesday.
- The basket is used to calculate the rate of consumer price inflation in the UK.
- Items such as women’s exercise leggings and GoPros were added.
- Lager bought in nightclubs and peaches were removed.
LONDON — Quiche, women’s exercise leggings, and GoPro action cameras are now being used by the Office for National Statistics to measure how prices in the UK are changing, the statistical authority said on Tuesday.
The ONS monitors the price of various goods and services — everything from milk to music downloads — to create a “virtual shopping basket” meant to typify read more >>>