A trip through time via the Inflation Basket
Inflation affects everything, from rising rail prices to shrinking savings. To calculate inflation, the Office for National Statistics (ONS) created the Inflation Basket of Goods and Services. It’s an ever-evolving collection of everyday essentials, and the odd luxury, that it uses to measure price changes. As inflation rates reach a 40-year high, this year's 19 new entries include meat-free sausages, pet collars, and antibacterial wipes. But what’s been in the basket in the past? Read on as we look back at 75 years of British history via this indicator of our changing tastes.
14 March 2022