Rotisserie chickens added to shopping basket used to calculate inflation
Next time you tuck into a rotisserie chicken with a glass of rosé, before settling down to watch a Blu-ray movie or a DVD you received via the internet, be aware that you are helping to calculate the UK’s inflation rate.
The Office of National Statistics has just updated their ‘inflation shopping basket‘ – the basket of goods used to calculate changes in the cost of living.
Rotisserie chickens, Blu-ray discs, rosé wine and MP4 players all made it into the basket.
Internet film subscriptions, such as LoveFilm, were also included for the first time, as were Freeview boxes which allow you to watch digital channels for free on your television.
Items taken out of the basket include three-litre wine boxes, battery chicken eggs (in favour of free-range) and DVD film rentals.
The changing items show a move away from people eating out in expensive restaurants to entertaining at home.
The ONS says spending on hotels, clothing, footwear and motoring have also dropped.
The statistics body collects prices every month for a basket of about 650 goods and services. They update the basket every year to accurately reflect what we are spending our money on.
Changes in their prices are used to calculate the two main measures of inflation – the consumer prices index targeted by the Bank of England, and the retail prices index, which helps set pensions, benefits and many pay deals.
What do you think will be missing from our shopping basket next year? Or what will be included? Tell us below!