Stories
Slash Boxes
Comments

SoylentNews is people

Submission Preview

Link to Story

UK Inflation Basket: Coffee Pods in, CDs and DVDs Out

Accepted submission by takyon at 2016-03-15 12:07:03
Business

The UK's Office for National Statistics has added and removed certain goods and services [bbc.com] to the "basket" used to measure inflation:

The UK is becoming a nation in a hurry, as coffee pods and microwave rice pouches enter the basket of goods used to measure inflation. Coffee pods were a "distinct and growing product", the Office for National Statistics (ONS) declared. The pods are used to make a cup which tastes like real coffee, but can be made in a matter of seconds. However, nightclub entry fees and re-writeable DVDs are among the costs removed from the calculations.

[...] Items being dropped from the list include rewriteable DVDs, which were "a declining technology", and CD-Roms. Consumers tend to use them much less, as software can be downloaded directly. The price of getting into a nightclub has also been removed from the list, as the number of clubs is declining, the ONS said. New entries last year [bbc.co.uk] included e-cigarettes, music streaming subscriptions, and craft beer. Among the items dropping out in 2015 were satellite navigation, as drivers switched to traffic apps on phones, or bought cars with sat navs already built in.


Original Submission