The fizz has fallen flat: champagne cut from inflation basket
Following stints with Reuters and the Press Association, Martin Hickman joined The Independent as a news editor in 2001. He became the Consumer Affairs Correspondent in September 2005 and has run the paper's trenchant campaigns on packaging, bank charges and factory-farmed chicken. He writes on subjects as diverse as food, finance, energy and fashion. With Tom Watson, he is author of a new book on the phone hacking scandal, Dial M for Murdoch - News Corporation and the Corruption of Britain.
Tuesday 12 March 2013
Champagne, archetypal symbol of the banker’s bonus culture and the pre-recession consumer boom, has been removed from the basket of goods which statisticians use to calculate inflation.
Falling sales at restaurants, pubs and other outlets have left “bubbly” unrepresentative of modern shopping habits, the Office of National Statistics (ONS) said today.
A bottle of champagne - whose corks were popped by City traders while the good times flowed – typically costs upwards of £40 on a night out.
Sales have slumped by more than 30 per cent from £1bn in boom-time 2007 to an estimated £690m last year, according to marketing analysts Mintel.
ONS is replacing champagne with a white rum, a cheaper spirit popular with young people. A 70cl bottle of white rum – used as a mixer in cocktails - can be bought in supermarkets and off-licences for £9.
In other changes, e-books are being included for the first in the index to reflect the popularity of Amazon’s Kindle.
In other changes reflecting technology rather than austerity, personal video recorders that can record live television are in, while the standard Freeview box is out.
Self-assembly kitchen units sold by the likes of Ikea replace mundane basin taps.
In Britain’s ongoing adventure into gastronomic convenience, the nation’s notional larder is being stocked with Continental sliced meats, blueberries, spreadable butter, and packaged vegetables for stir-fries, while the plain round lettuce is being binned.
The ONS updates the basket 700 goods and services each year to take account of trends.
The consumer prices index (CPI) and retail prices index (RPI) rates of inflation are calculated using 180,000 price quotations every month. They are taken from 150 locations across the UK.
- 1 Howard Jacobson: Let's see the 'criticism' of Israel for what it really is
- 2 Instagram of US airport security chiefs: Lipstick knives and IED training kits among items seized
- 4 PornHub begs users to stop uploading video clips of Brazil getting beaten 7-1
Game of Thrones author George RR Martin says 'f*** you' to fans who fear he will die before finishing Westeros saga
Jennifer Lawrence face palms Emma Watson at Christian Dior show in Paris
Instagram of US airport security chiefs: Lipstick knives and IED training kits among items seized
Mick Jagger denies being World Cup curse and reason for Brazil’s embarrassing defeat
Gingers face extinction due to climate change, scientists warn
Sustained immigration has not harmed Britons' employment, say government advisers
British jihadist calls for 'flag of Islam' over Downing Street and Buckingham Palace
Australia facing international condemnation after turning around Sri Lankans at sea
7/7 memorial defaced on anniversary of 2005 attacks with ‘Blair lied thousands died’ graffiti
Even when it brutalises one of its own teenage citizens, America is helpless against Israel
There’s a nasty smell in the political air – and it’s coming from the Tories
iJobs Money & Business
£60000 - £75000 per annum: Harrington Starr: Business Analyst Consultant (Fina...
£60000 per annum: Harrington Starr: A leading provider in investment managemen...
£600 - £700 per day: Harrington Starr: AVS, JVS Openlink Endur Developer JVS, ...
£30000 per annum: Harrington Starr: A global leader in trading platforms and e...