Wednesday 13 December 2017

Break out the Bolly and let's toast consumer price stability

It's the only thing we can be glad about as austerity has chewed up our disposable income

IF ever there was a symbol of the excesses of the City of London during the bubble years, it was bubbly. Quite a large proportion of those bonus billions went on bottles of Bolly.

Now, sales of champagne have declined so much in the UK that it is no longer included in the typical basket of consumer goods used to measure inflation.

One is never sure how typical it is. Some 600 goods and services are checked in thousands of cases to arrive at the consumer price index, which is the "headline" rate of inflation. Not even my nearest and dearest would get through 600 items in the weekly shop.

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