Inflation up to 1.6%

UK consumer price inflation: Dec 2016 – ONS

  • The Consumer Prices Index (CPI) rose by 1.6% in the year to December 2016, compared with a 1.2% rise in the year to November.
  • The rate in December was the highest since July 2014, when it was also 1.6%.
  • Price movements for the majority of the broad groups of goods and services acted to increase the rate between November 2016 and December 2016.
  • The main contributors to the increase in the rate were rises in air fares and the price of food, along with prices for motor fuels, which fell by less than they did a year ago.

UK consumer price inflation rises

UK consumer price inflation: Nov 2016

  • The Consumer Prices Index (CPI) rose by 1.2% in the year to November 2016, compared with a 0.9% rise in the year to October.
  • The rate in November was the highest since October 2014, when it was 1.3%.
  • Rises in the prices of clothing, motor fuels and a variety of recreational and cultural goods and services, most notably data processing equipment, were the main contributors to the increase in the rate.
  • These upward pressures were partially offset by falls in air and sea fares.

UK inflation: slight fall

UK consumer price inflation: Oct 2016 – ONS

  • The Consumer Prices Index (CPI) rose by 0.9% in the year to October 2016, compared with a 1.0% rise in the year to September.
  • Although the rate was slightly lower than in September 2016, it remained higher than the rates otherwise seen since late 2014.
  • The main downward contributors to the change in the rate were prices for clothing and university tuition fees, which rose by less than they did a year ago, along with falling prices for certain games and toys, overnight hotel stays and non-alcoholic beverages.
  • These downward pressures were offset by rising prices for motor fuels, and by prices for furniture and furnishings, which fell by less than they did a year ago.

Inflation rises to 1%

UK consumer price inflation: Sept 2016

  • The Consumer Prices Index (CPI) rose by 1.0% in the year to September 2016, compared with a 0.6% rise in the year to August.
  • The rate in September 2016 was the highest since November 2014, when it was also 1.0%.
  • The main upward contributors to change in the rate were rising prices for clothing, overnight hotel stays and motor fuels, and prices for gas, which were unchanged, having fallen a year ago.
  • These upward pressures were partially offset by a fall in air fares and food prices.

Inflation rate falls

UK consumer price inflation: Apr 2016 – ONS

  • The Consumer Prices Index (CPI) rose by 0.3% in the year to April 2016, down from 0.5% in the year to March.
  • From late 2015, the rate began to increase gradually from close to zero. The drop in April 2016 is the first fall since September 2015.
  • Falls in air fares and prices for clothing, vehicles and social housing rent were the main contributors to the decrease in the rate.
  • These downward pressures were partially offset by rising prices for motor fuels and for certain recreational goods and cultural services, and by food prices, which were unchanged between March and April 2016, having fallen between the same two months a year ago.