Episode Details
Back to EpisodesUK Inflation Basket Update: Alcohol-Free Beer & Hummus In
Description
The Office for National Statistics in the UK is updating its inflation basket, adding alcohol-free beer, hummus, pet grooming, and motorhomes. These changes reflect rising prices and lifestyle shifts, such as increased sobriety and health-consciousness. The new system will use electronic data from retailers, scanning over one billion products monthly. The next inflation numbers are due March 25th, with the Bank of England meeting to discuss holding rates steady at 3.75% amid worries over spring price hikes from higher oil costs.
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