CLUBBING COSTS NO LONGER BEING USED AS MEASURE OF INFLATION DUE TO DECLINE IN VENUES | DJMagAdmin.com Skip to main content

CLUBBING COSTS NO LONGER BEING USED AS MEASURE OF INFLATION DUE TO DECLINE IN VENUES

CLUBBING COSTS NO LONGER BEING USED AS MEASURE OF INFLATION DUE TO DECLINE IN VENUES

The Office of National Statistics have been forced to stop using nightclubs to gauge inflation

 

Nightclub admission prices have been removed from the government’s inflation figures due to a decline in the number of venues.

The Office of National Statistics (ONS) have opted to drop club entry fees from their selection of goods and services used to calculate consumer price inflation (CPI), a figure used to track changes to the cost of living, in their lastest annual report.

Acording to the Guardian, the closure of scores of nightclubs in recent years and the shift towards free or cheaper entry led to the ONS’s decision to stop using clubbing costs as a guide to inflation in the hospitality sector.

CPI statistician Phil Gooding said: “With the number of night clubs charging entry declining, we can no longer justify keeping these fees in the basket.”

Nearly half of the UK’s nightclubs have shut their doors in the last decade, according to figures released last year. In 2015, there were 1,733 clubs in operation, compared to 3,144 in 2005.

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