Ever wonder what goes into determining the inflation rate? The U.K. Office for National Statistics recently announced a change to the list of goods that it uses to calculate the annual uptick in inflation for the Consumer Prices Index (CPI).
It’s interesting to see what made the cut: flat irons, Blu-ray DVD players, and powdered baby formula are all new additions to the list. And men’s running shoes, disposable film cameras, and baby food are apparently no longer good examples of what average people are typically buying.
Reason.com dug up some interesting items from the 1947 basket of goods, including corsets, condensed milk, soap flakes, and matches.
Is there anything else that surprises you from the 2010 list?
Infographic via ThisIsMoney.co.uk.
