The Office for National Statistics (ONS) has released its annual “shopping” basket, which is a measure of consumer price inflation.
This is the rate at which costs of goods and services bought by households rise and fall.
The consumer price indices are calculated by collecting a sample of prices for a selection of representative goods and services.
Here are some of the items which are “in” and “out” of this year’s shopping basket.
As the prices of individual items in the basket increase or decrease, so does the total cost of the basket – reflecting any movement in consumer price inflation.
The items in the “shopping basket” are changed yearly, based on what is popular among consumers, and the prices of the various items change over time.
Some items are taken out of the baskets and others are brought in to provide figures which are up-to-date and representative of consumer spending patterns.