Feeds

Tracking inflation by the mega-pixel

Digital cameras gain mainstream status

  • alert
  • submit to reddit

Digital cameras have officially arrived. They have been added to the Consumer Price Index shopping basket - the selection of consumer goods used to track inflation in the UK. Mini-disc players, however, have been dropped from the basket, a sign of fading popularity.

The CPI shopping basket is tracked month by month by the Office for National Statistics (ONS). It is a selection of around 650 products, updated annually, that are chosen to represent a 'typical' household's buying habits.

The tech sector has posed a bit of a challenge for the ONS because quality and pricing changes so quickly that it is hard to compare like-for-like products on an annual basis. Technological advances have a huge impact on the price of the goods, and this change in quality must also be factored in.

Printers have been dropped from this year's basket, for example, so that the ONS can investigate how to adjust prices to reflect changes in product quality. ®

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Why and how to choose the right cloud vendor
The benefits of cloud-based storage in your processes. Eliminate onsite, disk-based backup and archiving in favor of cloud-based data protection.