Highest UK inflation since 2012

UK consumer price inflation: September 2017 – ONS

  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.8% in September 2017, up from 2.7% in August 2017; it was last higher in March 2012.
  • The main contributors to the increase in the rate were rising prices for food and recreational goods, along with transport costs, which fell by less than they did a year ago.
  • These upward effects were partially offset by downward contributions from a range of goods and services, in particular clothing prices, which rose by less than they did a year ago.
  • The Consumer Prices Index (CPI) 12-month rate was 3.0% in September 2017, up from 2.9% in August 2017; it was last higher in March 2012.
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Inflation up to 2.9%

UK consumer price inflation: August 2017 – ONS

  • The Consumer Prices Index (CPI) 12-month rate was 2.9% in August 2017, up from 2.6% in July 2017.
  • The Consumer Prices Index including owner occupiers’ housing costs 12-month inflation rate was 2.7% in August 2017, up from 2.6% in July 2017.
  • Rising prices for clothing and motor fuels were the main contributors to the increase in the rate between July and August 2017.
  • Air fares also rose between July and August but the rise was smaller than between the same two months a year ago and so resulted in a partially offsetting, downward contribution.

Inflation rate falling

UK consumer price inflation: June 2017 – ONS

  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.6% in June 2017, down from 2.7% in May 2017.
  • This is the first fall in the CPIH inflation rate since April 2016, although it remains higher than in recent years.
  • Falling prices for motor fuels and certain recreational and cultural goods and services were the main contributors to the fall in the rate.
  • These downward contributions were partially offset by rising prices for furniture and furnishings.
  • The Consumer Prices Index (CPI) 12-month rate was 2.6% in June 2017, down from 2.9% in May 2017.

Inflation on the rise

UK consumer price inflation: May 2017 – ONS

  • The Consumer Prices Index including owner occupiers’ housing costs 12-month inflation rate was 2.7% in May 2017, up from 2.6% in April.
  • The rate has been steadily increasing following a period of relatively low inflation in 2015 and is at its highest since April 2012.
  • Rising prices for recreational and cultural goods and services (particularly games, toys and hobbies) was the main contributor to the increase in the rate.
  • There were smaller upward contributions from increased electricity and food prices.
  • These upward contributions were partially offset by falls in motor fuel prices, and air and sea fares, the latter two influenced by the timing of Easter in April this year.
  • The Consumer Prices Index (CPI) 12-month rate was 2.9% in May 2017, up from 2.7% in April.

UK inflation highest since 2013

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

UK inflation rises

UK consumer price inflation: Feb 2017 – ONS

  • 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.

Inflation highest since June 2014

UK consumer price inflation: Jan 2017 – ONS

  • The Consumer Prices Index (CPI) rose by 1.8% in the year to January 2017, compared with a 1.6% rise in the year to December 2016.
  • The rate in January 2017 was the highest since June 2014.
  • The main contributors to the increase in the rate were rising prices for motor fuels and to a lesser extent food prices, which were unchanged between December 2016 and January 2017, having fallen a year ago.
  • These upward pressures were partially offset by prices for clothing and footwear, which fell by more than they did a year ago.