Business News 13 Mar 2013

Champagne put on ice in UK 'inflation basket'

Champagne has been removed from the menu by the Office for National Statistics (ONS), in compiling the latest list of goods and services that will be used to calculate CPI and RPI inflation rates.

The 'shopping basket' of around 700 items is reviewed each year, in order to represent changes in consumer spending patterns.

This year, eBooks have been added to the basket to reflect a rapid increase in the use of digital readers. Digital television recorders have also found their way into the basket, replacing Freeview boxes

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