22 March 2006

Economics and the inflationary impact of slippers

Alexander Chancellor in The Guardian expresses doubts about the decision of the Office of National Statistics to drop slippers:
"It's a pity that just at the moment when I am finally ready to wear slippers - I am 66 years old - the government should have pronounced them passé. We learned yesterday that the Office of National Statistics has dropped slippers from its "basket" of 650 consumer items that it uses to measure inflation. The reason seems to be that hardly anyone buys them any more.
Actually, I'm surprised that slippers were ever on the list. During my lifetime slippers have never been fashionable. They have always been associated with complacent husbands, subservient wives, and even more subservient dogs. They have been seen as the antithesis of glamour, charm, or anything else along those lines.
Maybe the Office of National Statistics has the best of intentions and thinks it is in tune with the times by dropping slippers from its basket. But it will almost certainly have turned out to have made a mistake. For slippers cannot be so easily wished away."

Have people really stopped buying slippers? The last time I was in Marks and Spencer's, there was a wide range of slippers on sale. But if the beautiful people have stopped buying slippers, then what do they wear on their feet when they are at home? As I seldom visit the homes of the beautiful people, I fear that this will remain one of life's little mysteries...

No comments: