CPI So which basket are we supposed to put all of our eggs in, then?
Exciting news for those of you who like this kind of thing: price inflation as measured on the Consumer Price Index was 5.4% for the month of January, 0.3% lower than it was in December. No no! That’s not the exciting part: it’s this! January’s figure was arrived at using the new basket, with its updated goods and services and re-allocated weightings. Here are some of the highlights: mageu, feta cheese, hot chocolate, filtered coffee and vodka (you could have a great party with very little else come to think of it) are in, as are bricks and cement, energy-saving light bulbs ((nods sagely) That’s this new Green thing everyone’s on about, isn’t it?), tablet computers (sign of the times, eh?), hair extensions (we haven’t got around to those yet but are told we should try them sometime), and package holidays (oh, we do like to be beside the seaside!). Items that have sadly departed are samp (what country do you live in, StatsSA?), savoury biscuits (we were never much keen on those unless they had a goodish spoon of Beluga on top), dried fruits and nuts (they were great when we were in the army but now not so much), frozen vegetables, dried lentils and peas (about bleeding time, we are sure you will agree) and vienna sausages (What?!).The new basket holds 393 items compared with 402 in the old one.
Comment: So there you have. Enjoy your vodka. And of course your bricks and cement.