Tuesday, 14 March 2017

Dumb phone prices are no longer used to measure inflation

The UK's Office for National Statistics (ONS) measures inflation by looking at price increases among products the majority of consumers are spending their hard-earned on. And every year, the lists of stuff the ONS cares about keeping track of, called the "baskets of goods and services," are revised to reflect changes in our spending habits. Over the past few years, music and video streaming services, set-top boxes, digital game downloads and PS Plus and Xbox subscriptions have all been added to reflect their broad popularity, while sat navs and rewritable CDs/DVDs have been bumped due to their dwindling relevance. This year there's only one notable change, with dumb phones being dropped from the list of influential tech products.

Source: Office for National Statistics


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