Basket of goods – lip-gloss in, disposable cameras out

Monday, March 15, 2010

Here is a very useful article for a lesson on how inflation is measured. It explains how the ‘basket of goods’ used to measure inflation is updated to account for changes in shopping habits and new technology. For a starter to a lesson, pupils could guess the products that have been added or removed from the basket. In pictures: what’s in and what’s out