UK consumer price inflation: Apr 2017
- The Consumer Prices Index (CPI) 12-month rate was 2.7% in April 2017, up from 2.3% in March
- The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.6% in April 2017, up from 2.3% in March.
- The rate has been steadily increasing following a period of relatively low inflation in 2015 and is at its highest since June 2013.
- Air fares were the main contributors to the increase in the rate in April 2017, although this balanced out a downward effect of similar magnitude in March 2017 and is due to Easter falling later than last year.
- Rising prices for clothing, vehicle excise duty and electricity also contributed to the increase in the rate.
- These upward contributions were partially offset by a fall in motor fuel prices between March 2017 and April 2017, compared with a rise between the same 2 months a year ago
Brian Dear 