Do you remember when you stopped buying chicken kievs? Or when you started buying cereal bars? While we might have an eye on the cost of things in our baskets, few of us stop to consider how what we buy has changed over the past seven decades. But change it has. In 1947, the Office of National Statistics began recording the prices of an average basket of the everyday items consumers might buy, to help calculate a key measure of inflation, the consumer price index. On that first list were items such as wild rabbit, tins of corned beef and condensed milk, things few of us buy today.
Read More