The 'shopping basket' of items making up the suite of consumer price inflation indices (CPIH, CPI & RPI) are reviewed every year. Some items are taken out of the basket, some are brought in, to reflect changes in the market and to make sure the indices are up to date and representative of consumer spending patterns. This article describes the review process and explains how and why the various items in the inflation baskets are chosen.
Consumer price inflation basket of goods and services: 2020
The review process for the items making up the inflation basket used to calculate the UK consumer price inflation indices and how and why the various items in the basket are chosen.
Consumer price inflation basket of goods and services
Representative items within the Consumer Prices Index including owner occupiers' housing costs, Consumer Prices Index and Retail Prices Index for the basket of goods and services.