We often see and hear in the media the term “cost of living” and that the ONS (Office for National Statistics) uses a basket of goods to calculate the rate of inflation. So what appears in this basket of goods?
Well it was revealed this week that the actual items do change year on year. You will be happy to know that in 1947 when the first figures were calculated, the items included an unskinned wild rabbit and a table mangle for wringing out wet washing!
n 2015, the items in the basket now include games consoles and online subscriptions, music streaming payments, headphones -as we replace the free ones supplied with smartphones- and mobile phone accessories. A true indicator that technology and the internet are firmly part of our everyday life, though liver, sweet potato and E-cigarettes also feature.
Interestingly, sat navs are now excluded from the calculation as more and more smartphone apps are available and also because many new cars have a built-in system.
The total number of items used stands at over 700 this year and has grown from the 150 items in 1947. The growth in the number of items is also reflected in the growth of technology and internet-related items.
In the same way, the online directory from the Euro Weekly News allows you to find businesses and services in a quick and modern fashion – online and accessible anywhere at any time. So even if your own “basket of goods” does not quite match that of the ONS, make sure you DO use EWNGETSIT.com to find the goods and services you need.
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