Exercise bikes pedal into the RPI
Wednesday 24 March 1999
The Office for National Statistics has also deemed dried catfood, television and computer repairs, and electric keyboards popular enough for inclusion in the Retail Prices Index, the official measure of inflation.
Among the casualties are traditional children's knee-length coats, which have been replaced in the index by shorter children's jackets after falling out of favour with modern parents. Car brake pads and washing machine repairs also number among the new inclusions.
The exclusions include packet soup and malt vinegar, both of which have been dropped as part of the annual RPI update. Surveys show that these account for such a small proportion of expenditure that changes in their price have virtually no impact on real income.
Despite the statisticians' best efforts, RPI changes are often slow to pick up on new consumer behaviour. Personal computers were only included last year, while Doc Martens and mobile phones were in every high street long before they turned up in official price measures. Women's cardigans have been reinstated to the index after several years' absence, even though their foray into the fashion spotlight is now well and truly over.
Officials at the Office for National Statistics stress that RPI changes are based on careful study of expenditure surveys, not individual tastes. These reassurances aside, few were surprised yesterday to learn that anoraks have, for many years, been a key RPI constituent.
Simon Calder looks at communities fighting back against the poachers
Guide dog mauled while helping owner deliver Christmas cards
Nelson Mandela’s complex bond with Britain
The poorest pay the price for austerity: Workers face biggest fall in living standards since Victorian era
Deadly ice storm pushes up US east coast as temperatures drop to -29C
10 stone five-year-old taken into care
- 1 Gurdwaras-turned-food banks: Sikh temples are catering for rise in Britain’s hungry
- 2 Council bans use of word ‘Commie’ – but ‘fascist’ and ‘Nazi’ are fine
- 3 The man who made Femen: New film outs Victor Svyatski as the mastermind behind the protest group and its breast-baring stunts
- 4 The poorest pay the price for austerity: Workers face biggest fall in living standards since Victorian era
- 5 Mass murder in the Middle East is funded by our friends the Saudis
- < Previous
- Next >
iJobs Money & Business
£40000 - £50000 per annum + Bonus and Benefits: Harrington Starr: Technical Ap...
£Attractive Package: Citifocus: Excellent, opportunities exist for high calibr...
£Attractive Package: Citifocus: Key purpose of the role will be to act as Fixe...
£42000 - £46500 per annum + Benefits: Pro-Recruitment Group: Big 4 Opportunity...