Bloomberg News

IPads, Teenage Fiction, Stout Added to U.K. Inflation Basket

March 13, 2012

The price of tablet computers such as Apple Inc. (AAPL)’s iPads and teenage fiction books will help determine Britain’s inflation rate after the Office for National Statistics added them to the list of goods and services it monitors to gauge living costs.

They will now be included in the basket of goods and services that make up the consumer prices index and the retail prices index, the agency said in a statement in London today.

The list is reviewed annually to ensure it represents consumer spending, with changes made for reasons ranging from improved technology to popularity. The ONS will also add bundled communication packages, cans of stout, pineapples, hot oat cereals and takeaway chicken and chips.

To contact the reporter on this story: Scott Hamilton in London at shamilton8@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net


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