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A vertical stack of three evenly spaced horizontal lines. * Copyright © 2018 Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our The Office of National Statistics (ONS) is adding the price of online goods to its inflation measure, The Telegraph reported . The change is part of wider drive to modernise economic measurements and keep pace with the digital age. Price fluctuations online are considered more volatile, the ONS said, so can provide more rapid snapshots of what is happening in the economy. "The crucial work will help ensure our inflation figures are able to fully reflect fast-changing online pricing, ensuring they remain robust in this increasingly digital time," Mike Hardie, assistant deputy director of surveys at the ONS, told The Telegraph. The UK's Office for National Statistics (ONS) will for the first time include online prices in its inflation measurement, The Telegraph reported . Official figures will now consider online costs when calculating inflation and price fluctuations, in a bid to track what the Telegraph called the "Amazon effect." The ONS did not immediately comment when Business Insider contacted it for clarification on whether Amazon itself would be included. Around 750,000 prices will be collected each week from 30 different online retailers, covering 80 different kinds of product.
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