Inflation falls

Consumer price inflation, UK: February 2018: ONS

  • The Consumer Prices Index (CPI) 12-month rate was 2.7% in February 2018, down from 3.0% in January 2018.
  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.5% in February 2018, down from 2.7% in January 2018.
  • The largest downward contributions to the change in the rate came from transport and food prices, which rose by less than a year ago.
  • Falling prices for accommodation services also had a downward effect.
  • Rising prices for footwear produced the largest, partially offsetting, upward contribution.
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UK inflation rises

Consumer Price Inflation, October 2014

  • The Consumer Prices Index (CPI) grew by 1.3% in the year to October 2014, up from 1.2% in September.
  • Smaller falls in transport costs than a year ago – notably for motor fuels and air fares, and price rises for computer games were the main contributors to the rise in the rate of inflation.
  • Food and motor fuel prices, which have historically been upward contributors to the 12-month CPI rate, are currently reducing it by 0.3 percentage points.

European inflation down

European annual inflation, March 2014: Eurostat

  • Euro area annual inflation was 0.5% in March 2014, down from 0.7% in February.
    • A year earlier the rate was 1.7%.
    • Monthly inflation was 0.9% in March 2014.
  • European Union annual inflation was 0.6% in March 2014, down from 0.8% in February.
    • A year earlier the rate was 1.9%.
    • Monthly inflation was 0.7% in March 2014.

European inflation

European inflation, October 2013: Eurostat

  • Euro area annual inflation was 0.7% in October 20132, down from 1.1% in September. A year earlier the rate was 2.5%. Monthly inflation was -0.1% in October 2013.
  • European Union annual inflation was 0.9% in October 2013, down from 1.3% in September. A year earlier the rate was 2.6%. Monthly inflation was -0.1% in October 2013.

Inflation, October 2013

Consumer Prices Index, Oct 2013: ONS

  • The Consumer Prices Index (CPI) grew by 2.2% in the year to October 2013, down from 2.7% in September.
  • The largest contributions to the fall in the rate came from the transport (notably motor fuels) and education (tuition fees) sectors.
  • The other main consumer price indices moved in a similar fashion. CPIH grew by 2.0% in the year to October 2013, down from 2.5%. RPIJ grew by 1.9%, down from 2.5%.