Inflation up to 3.1%

UK consumer price inflation: November 2017

  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.8% in November 2017, unchanged from October 2017.
  • The Consumer Prices Index (CPI) 12-month rate was 3.1% in November 2017, up from 3.0% in October 2017; it was last higher in March 2012.
  • The largest upward contribution to change in both the CPIH and CPI rates came from air fares which fell between October and November but by less than a year ago.
  • Rising prices for a range of recreational and cultural goods and services, most notably computer games, also had an upward effect.
  • Falling prices in the miscellaneous goods and services category (covering products such as travel goods and financial services) provided the largest offsetting downward contribution.
  • Inflation rate for recreation and culture highest since early 2010

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