Inflation down

Inflation, January 2014: ONS

  • 1.9% growth in Consumer Prices Index (CPI) in the year to January 2014, down from 2.0% in December 2013.
  • The fall in the rate resulted from price movements for recreational goods & services, furniture & household goods and alcoholic beverages & tobacco. These were partially offset by price movements for miscellaneous goods & services.
  • 1.8% growth in CPIH (includes owner occupiers’ housing costs) in the year to January 2014, down from 1.9% in December 2013. RPIJ (an improved variant of the Retail Prices Index) grew by 2.1%, up from 2.0% in December 2013.
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