Stay up to date with notifications from The Independent

Notifications can be managed in browser preferences.

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

Hand sanitisier has also been removed following the covid pandemic

August Graham
Monday 11 March 2024 09:29 GMT
Comments
Guinness has been removed from the list
Guinness has been removed from the list (Getty)

Your support helps us to tell the story

From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.

At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.

The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.

Your support makes all the difference.

The inflation basket has gone retro, with the re-introduction of vinyl.

Every month, the ONS measures inflation – how past prices are increasing, or decreasing – for British households. The statisticians need to figure out what households normally buy. They have what they call a “basket” of more than 740 different goods and services that they think people buy.

A pint of Guinness in a pub and bottles of hand sanitiser will no longer be taken into account.

The Office for National Statistics said it would remove those and other items, but is re-introducing vinyl to its list for the first time in 32 years, and was also adding air fryers.

To do that the statisticians need to figure out what households normally buy. They have what they call a “basket” of more than 740 different goods and services that they think people buy.

But over time what people buy changes and the ONS has to make changes to that list. For instance, in 1992, as CDs and cassettes increased in popularity, the ONS removed vinyl records from the basket.

Those tables have now turned. More than three decades later, vinyl has become trendy again and is added to the list for this year.

Another addition to the list is a result of the energy crisis. As energy bills soared, people turned to the air fryer, with manufacturers saying they are a lower-energy way of cooking.

There is a happier sign of the times in the removals from the list, as hand sanitisers were removed. Hand sanitisers were added to the basket in 2021, to reflect how the Covid-19 pandemic was changing peoples’ shopping habits. This year they have been removed.

Some removals from the list are less about what people are buying less of, and more that the ONS does not think it needs to track the price of that item specifically.

That is the case for Guinness. This year, draught stout has been removed from the list, because the price of draught stout and draught bitter often move together. Therefore the ONS does not think it needs to track both of them

Other additions to the list this year include gluten-free bread, rice cakes, sunflower and pumpkin seeds, and women’s socks.

Other removals from the list are popcorn, loose cooked ham, hot rotisserie cooked whole chicken, sofa beds – as pull-out beds become more popular, and bakeware.

ONS deputy director for prices, Matt Corder, said: “Our inflation basket of goods offers a fascinating snapshot of consumer spending through the years.

“Often the basket reflects the adoption of new technology, but the return of vinyl records shows how cultural revivals can affect our spending.

“We are also seeing the impact of the pandemic fading from the basket with the removal of hand sanitiser due to decreased demand.

“Healthier lifestyle products continue to influence consumer choice reflected by the addition of the air fryer, spray oils and rice cakes as well as sunflower and pumpkin seeds.”

Join our commenting forum

Join thought-provoking conversations, follow other Independent readers and see their replies

Comments

Thank you for registering

Please refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in