Tuesday, March 18, 2008
Monocle Grease And Penny Farthing Oil Removed From Inflation Basket
A RANGE of typical household goods including monocle grease and penny farthing oil have been removed form the basket of items used to measure inflation. The new basket will include a range of modern, everyday purchases including spats, violin cases and sheet music for Dixieland jazz. Officials say they want to bring the consumer price index up to date without going so far as to include things that people actually buy. A Treasury spokesman said: "There are two kinds of inflation. There's the inflation we talk about on the news, which generally hovers around the 2% mark.