Guinness out, vinyl and air fryers in as inflation basket adapts with the times - News Summed Up

Guinness out, vinyl and air fryers in as inflation basket adapts with the times


Read our privacy notice Thanks for signing up to theMorning Headlines email {{ #verifyErrors }} {{ message }} {{ /verifyErrors }} {{ ^verifyErrors }} Something went wrong. Please try again later {{ /verifyErrors }}The inflation basket has gone retro, with the re-introduction of vinyl. For instance, in 1992, as CDs and cassettes increased in popularity, the ONS removed vinyl records from the basket. There is a happier sign of the times in the removals from the list, as hand sanitisers were removed. “Often the basket reflects the adoption of new technology, but the return of vinyl records shows how cultural revivals can affect our spending.


Source: The Times March 11, 2024 09:58 UTC



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