
The UK government’s Office for National Statistics (ONS) determines the annual rate of inflation by creating an standard shopping basket (which has the totally-snappy title of the “Consumer price inflation basket of goods and services“), and seeing how it changes year-on-year. The products include common household goods, essential foodstuffs, as well as consumer electronics. The idea is to reflect what the average British consumer spends their hard-earned shillings on. Today, this basket bulges with such 21st century essentials like streaming subscription services, game downloads, and set-top boxes. But as time goes on, certain things are removed. Today, the ONS announced that…
This story continues at The Next Web
No comments:
Post a Comment