{"id":109575,"date":"2021-03-15T10:16:59","date_gmt":"2021-03-15T10:16:59","guid":{"rendered":"https:\/\/fin2me.com\/?p=109575"},"modified":"2021-03-15T10:16:59","modified_gmt":"2021-03-15T10:16:59","slug":"hand-sanitisers-popped-into-inflation-basket-as-white-chocolate-melts-away","status":"publish","type":"post","link":"https:\/\/fin2me.com\/business\/hand-sanitisers-popped-into-inflation-basket-as-white-chocolate-melts-away\/","title":{"rendered":"Hand-sanitisers popped into inflation basket as white chocolate melts away"},"content":{"rendered":"

Hand sanitisers are in and white chocolate bars are out as the basket of goods and services used to calculate inflation undergoes its latest reshuffle.<\/p>\n

The impact of the pandemic on consumer habits is apparent in the announcement from the Office for National Statistics (ONS) which also sees casual clothing and home exercise equipment added.<\/p>\n

Ground coffee is out – replace by coffee sachets – while the staff restaurant sandwich is also removed from the list with the number of work canteens falling.<\/p>\n

Sam Beckett, ONS head of economic statistics, said: “The pandemic has impacted on our behaviour as consumers, and this has been reflected in the 2021 inflation basket of goods.<\/p>\n

“The need for hygiene on the go has seen the addition of hand sanitiser, now a staple item for many of us.<\/p>\n

“Lockdown living has seen demand for home exercise equipment rise, while spending more time within our own four walls has also encouraged us to invest in smart technologies.<\/p>\n

“A more casual approach to clothing, as more of us work from home, has seen the addition of loungewear into the consumer basket.”<\/p>\n

The ONS said 17 items had been added this year with 10 removed and 729 left unchanged.<\/p>\n

It described hand sanitiser, added to the list, as “something many of us are rarely without nowadays” and said there had been increased spending on such products.<\/p>\n

The addition of hand weights for home exercise, with gyms closed during the lockdowns, also reflected “the trend for healthier living”, the ONS said.<\/p>\n

Smartwatches were added for similar reasons, with consumers using them to monitor their health and fitness during home workouts.<\/p>\n

New types of “smart” or WiFi enabled light bulbs have entered the list, apparently thanks to the home improvement trend seen over the past year of lockdowns.<\/p>\n

Casual clothes such as men’s loungewear and women’s sweatshirts have joined the list of items too as people work more from home.<\/p>\n

Hybrid and electric cars have also been added to the list, reflecting the move away from diesel and electric vehicle sales.<\/p>\n

The removal from the list of the white chocolate bar sees it replaced by malted chocolate sweets such as Maltesers, which the ONS said attract higher spending.<\/p>\n

Also left out are Axminster and Wilton type carpets which evidence suggests are mainly used in commercial premises now – rather than for the consumer basket of goods and services used to compile CPI, the main measure of inflation.<\/p>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Hand sanitisers are in and white chocolate bars are out as the basket of goods and services used to calculate inflation undergoes its latest reshuffle. 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