Men’s suits removed from UK ‘inflation basket’ due to Covid career change

The traditional men’s suit has been removed from the product basket used to calculate the annual inflation rate – the latest loss from working at home since the Covid epidemic began two years ago.

The Office for National Statistics says the change in work style means that the suite – which has always been in the basket since its inception in 1947 – is no longer one of the more than 700 representative products and services selected to measure the cost of living in the UK.

Announcing the details of this year’s changes, the ONS said that men’s formal jackets or blazers are being introduced so that men’s formal and business attire are still represented in the election.

Other items that will no longer be tracked include donuts, which are being replaced by cake multipacks, and coal, which have been removed in anticipation of a government ban on the internal sale of fuel from next year.

Other items added to the basket for the first time this year also reflect lifestyle changes since the epidemic began. These include antibacterial surface wipes, sports bras / crop tops and dog and cat collars.

The ONS says demand for antibacterial products is still high, and people are responding to the epidemic by exercising more and owning more pets.

Meat-free sausages as well as canned beans, lentils and lentils have entered the basket for the first time, reflecting the rise of vegetarianism and vegetarianism, driven by greater awareness of health, animal welfare and environmental concerns.

Last year, hand sanitizers, smartwatches and hand weights were added for home exercise. ONS says it has added 19 items this year, removed 15 and left 715 unchanged.

Inflation is at a 30-year high of 5.5% but is expected to rise further in the coming months due to rising energy costs.

Sam Beckett, ONS chief of economic statistics, said: “The 2022 product basket is showing some really interesting changes, and the effects of the epidemic are still evident in our shopping habits.

“While many people still work from home, the demand for more formal clothing continues to decline. Thus, men’s suits disappear from the basket and are replaced with a formal jacket or blazer.

“Last year’s lockdown lifestyle increased our number of hard work and exercise. This continues until 2022, and sports bras have been added to the basket, reflecting higher costs for sportswear.

In response to criticism from food writer and publisher Jack Monroe that official inflation figures failed to reflect the real cost of living for poor families, ONS said it was launching a personal inflation calculator that could be used to calculate a person’s personal inflation experience. Based on their spending patterns.

The UK Statistics Agency has also announced that it will use “new and improved” data sources as part of an effort to provide a clear picture of what is happening in terms of prices.

It said it was working with retailers to get data directly from their tiles, including how much each item would cost and how much of each type – including prices and premium brands – would be available from stores in every part of the UK.

Beckett said: “Today’s announcement is a key part of our long-term transition to price collection designed to keep UK inflation measurements as accurate and relevant as possible.”

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