In a clear reflection of the decline of formalwear and the growing preference for casual, comfort-focused clothing, the UK’s Consumer Prices Index (CPI) no longer includes formal suits. This notable exclusion from the basket of goods used to calculate the CPI underscores the changing attitudes towards traditional office attire. Once considered a staple for men working in professional environments, suits are now deemed non-essential.
In the past, the Office for National Statistics (ONS) categorized suits as an essential item when analyzing the trajectory of the CPI. However, due to a significant decline in sales and the fact that several retailers have stopped selling suits altogether, obtaining sufficient pricing information has become challenging. This shift highlights the shrinking market demand for formal suits and the emergence of more casual workwear options.
Despite the exclusion of suits, the ONS still includes certain smart clothing items in the basket of goods. This includes formal jackets or blazers, as well as men’s formal trousers. However, these items are now considered separate entities, reflecting the current trend of mix-and-match suit combinations. Shoppers now have the flexibility to choose jacket and trouser sizes individually, allowing for a more personalized and varied approach to formal attire.
The ONS’s basket of goods is designed to encompass over 700 items that represent the typical products purchased by households. As our clothing choices become increasingly casual, even in professional settings, the inclusion of more relaxed items like crop tops and sports bras is another notable indication of this shift. This adjustment aligns with the growing emphasis on fitness and athleisure wear among consumers, as comfort and functionality become key motivations in clothing purchases.
The exclusion of suits from the CPI and the inclusion of casual attire in the basket of goods serve as reminders of the changing fashion landscape. This trend is not limited to the UK alone but is seen globally as workplaces embrace more relaxed dress codes and individuals prioritize comfort and self-expression in their clothing choices. The traditional suit, once considered a symbol of professionalism and sophistication, is now fading as a wardrobe staple.
Overall, the fashion industry is witnessing a significant shift towards casual and athleisure attire, and this trend is reflected in the updates to the UK’s CPI basket of goods. It is a testament to the ever-evolving nature of fashion as it adapts to societal shifts and consumer preferences. As the world becomes more casual, traditional formalwear is making way for more comfortable and versatile options. The links below provide additional information on the changing fashion landscape and the rise of athleisure wear.
Useful Links:
1. Vogue: The Rise of Athleisure Wear
2. BBC: Changes to UK CPI Basket of Goods Reflect Fashion Trends
