Archive for March 21st, 2007
Inflation Basket
What Is It?
A virtual shopping basket, containing 650 goods and services, which represent a cross-section of widely purchased goods.
Prices are collected every month at 150 points all over Britain, and aggregated into two main measures, the Consumer Prices Index, and the Retail Prices Index. The figures are used to generate the national inflation rate.
What's In It?
It's contents change once a year, giving an insight into Britains spending habits. Among the updates announced recently olive oil replaced vegetable oil, brocolli replaced Brussel sprouts, and Brie was kicked out in favour of pro-biotic drinks.
Popularity: 1% [?]
Posted: March 21st, 2007 under uk.
Comments: none