Cycle helmets make Britain's inflation basket of goods
Posted on in Business News , Cycles News
The rising popularity of dairy-free diets, gin, and cycling are all reflected in the annual shake-up of the shopping basket used to measure UK inflation.
The ‘shopping baskets' of items are selected by the Office of National Statistics each year, to compile the various measures of consumer price inflation. Some items are taken out of the baskets and some are brought in to make sure the measures are up to date and representative of consumer spending patterns.
Not only is the basket vital for calculating the best possible measure of inflation, it's also an intriguing reflection of the nation's changing culture, as well as technological improvements.
This year, bicycle helmets made it back into the basket after a 12-year absence, as the success of British cyclists in the Olympics and the Tour De France fuelled enthusiasm for the sport.
Other products added this year include non-dairy milk, such as soya or almond, to represent the growing 'free from' market.
Apple cider and flavoured ciders have also been added, reflecting growing popularity and diversity, with apple cider sold in pubs replaced with a broader cider to reflect wider availability of pear and other varieties.
For children, swings are out but scooters are in, while cough liquid, jigsaws for adults and half chocolate-coated biscuits are the other new items in the basket.
Martin Lane, managing editor of money.co.uk said: "The ONS's shopping basket paints a picture of the nation's habits.
"The nation's current obsession with exercise and eating right is further demonstrated in the fact bicycle helmets and non-dairy milks have also been added to the basket - more proof we're choosing healthier lifestyles."
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