Inflation

Consumer Price Index, June 2013: ONS

  • The Consumer Prices Index (CPI) grew by 2.9% in the year to June 2013, up from 2.7% in May
  • The CPI fell by 0.2% between May and June 2013, compared with a fall of 0.4% between the same two months in 2012. The 1-month movement was therefore 0.2 percentage points higher this year and this led to the CPI 12-month rate rising from 2.7% in May to 2.9% in June
  • The inflation rate is slightly above the figures seen over the previous 12 months but below the levels reached between the start of 2010 and spring 2012.
  • CPIH, the new measure of consumer price inflation including owner occupiers’ housing costs, grew by 2.7% in the year to June 2013, up from 2.5% in May.
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