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Trade News Archive 2010 January February March
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16th March 2010
Inflation basket reveals products most in demand.
The nation's retailers are seeing a fall in demand for cosmetics such as lipstick and disposable cameras, while consumers are clamouring for lip gloss, computer games and Blu-ray players.
This is to be inferred from the latest update to the shopping basket of goods on which the Office for National Statistics calculates inflation.
Updated annually, the list, which forms the basis of the government's consumer price index, sheds light onto the actual goods that consumers are.
Looking at how Britain's spending habits changed in 2009, statisticians removed men's casual trainers and hairdryers from the 2010 basket.
Among the goods added were health and beauty products including hair straighteners and lip gloss, as well as computer game accessories and Blu-ray disc players.
The Telegraph reports that items are typically added to the basket once they have achieved annual sales of £400 million or more, while those that drop below £100 million are usually removed.
Based on a measurement of 180,000 prices, which are checked on a monthly basis, the CPI shopping basket contains approximately 650 goods and services that it considers people cannot do without.
© 2010
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