UK inflation up to 0.5%

Consumer Price Inflation, Mar 2016: ONS

The Consumer Prices Index (CPI) rose by 0.5% in the year to March 2016, compared with a 0.3% rise in the year to February.

The rate has increased gradually since October 2015 although is still relatively low in the historical context.

Rises in air fares and clothing prices were the main contributors to the increase in the rate between February and March 2016.

These upward pressures were partially offset by a fall in food prices and a smaller rise in petrol prices than a year ago.

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Consumer Price Inflation: Feb 2016

Consumer Price Inflation: Feb 2016

  • The Consumer Prices Index (CPI) rose by 0.3% in the year to February 2016, unchanged from January 2016.
  • This maintains the position seen over the last few months of a rate which is a little above zero.
  • The contributions to change in the CPI rate from the detailed categories were relatively small compared with most months.
  • The largest downward contribution came from the transport sector, from price changes for items such as road passenger transport, second-hand cars and bicycles.
  • Rising food prices, particularly for vegetables, offset this

Inflation rises to 0.3%

Consumer Price Inflation, January 2016: ONS

  • The Consumer Prices Index (CPI) rose by 0.3% in the year to January 2016, compared with a 0.2% rise in the year to December 2015.
  • This is the third consecutive month of small increases, with the rate in January 2016 being the same as it was in January 2015.
  • The main contributors to the rise in the rate were motor fuels, and to a lesser extent food, alcoholic beverages and clothing.
  • Air fare prices partially offset the rise in the rate, falling by more than they did a year ago. This followed a large increase in prices in December 2015.

UK inflation rises

Consumer Price Inflation, December 2015: ONS

  • The Consumer Prices Index (CPI) rose by 0.2% in the year to December 2015, compared with a 0.1% rise in the year to November 2015.
  • Although this is the first month since January 2015 for which the rate has exceeded 0.1%, this continues the trend since early 2015 of the rate being very close to zero.
  • Movements in transport costs, particularly air fares and to a lesser extent motor fuels, were the main contributors to the rise in the rate.
  • Downward pressures from prices for alcohol and tobacco along with food and non-alcoholic beverages partially offset the rise

CPI fell in the year to September

Consumer Price Inflation, September 2015: ONS

  • The Consumer Prices Index (CPI) fell by 0.1% in the year to September 2015, compared to no change (0.0%) in the year to August 2015.
  • A smaller than usual rise in clothing prices and falling motor fuel prices were the main contributors to the fall in the rate.
  • The rate of inflation has been at or around 0.0% for most of 2015.

Inflation rate at 0%

Consumer price indices: June 2015

  • The Consumer Prices Index (CPI) was unchanged in the year to June 2015, that is, a 12-month rate of 0.0%, down from 0.1% in the year to May.
  • Falls in clothing and food prices were the main contributors to the change in the rate along with smaller rises in air fares than a year ago.
  • There were no large upward effects to offset the change.

Negative inflation

Consumer Price Inflation, April 2015: ONS

  • The Consumer Prices Index (CPI) fell by 0.1% in the year to April 2015, compared to no change (0.0%) in the year to March 2015.
  • This is the first time the CPI has fallen over the year since official records began in 1996 and the first time since 1960 based on comparable historic estimates.
  • The largest downward contribution came from transport services – notably air and sea fares, with the timing of Easter this year a likely factor.
  • The Retail Prices Index (not a National Statistic) grew by 0.9% in the year ending April 2015, unchanged from March 2015.