Social & Organisational Research Blog
- The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.3% in February 2017, up from 1.9% in January.
- The rate in February 2017 was the highest since September 2013, having steadily increased since late 2015.
- Rising transport costs, particularly for fuel, were the main contributors to the increase in the rate.
- Prices for food increased by 0.3% between February 2016 and February 2017, following 31 consecutive months of prices falling on the year.
- The Consumer Prices Index (CPI) 12-month rate was also 2.3% in February 2017, compared with 1.8% in January.