Search results
Results from the WOW.Com Content Network
The main inflation measure is called the Consumer Prices Index (CPI), and the latest figure is published every month. CPI was 2.5% in the year to December 2024, down from 2.6% in the 12 months to ...
The change in the CPI over the 12 months to August 2008 was 4.7%, while the corresponding figure for RPIX (which excludes mortgage interest) was 5.2% and that for RPI (which includes mortgage interest) was 4.8%. [7] The CPI, the RPIX, and the RPI are published monthly by the Office for National Statistics (ONS). A history of CPI and RPIX going ...
By January 2024, the 12-month Retail Price Index had fallen to 4% after peaking at 11.1% in October 2022, while workers' wages had risen 6.2% in the last quarter of 2023. [3] In late 2023, the Resolution Foundation estimated that household incomes would not return to pre-crisis levels until at least 2027.
Mr Cornes said: “CPI inflation in the UK rose for a second consecutive month in November, to 2.6 per cent, driven by higher prices for motor fuels and clothing.
Inflation dropped below the Bank of England target rate last month for the first time since April 2021, the Office for National Statistics said. Interest rate cut ‘nailed on’ after UK ...
Since 1996 the United Kingdom has also tracked a Consumer Price Index (CPI) figure, and in December 2003 its inflation target was changed to one based on the CPI [39] normally set at 2%. [40] Both the CPI and the RPI are published monthly by the Office for National Statistics. Some rates are linked to the CPI, others to the RPI.
The Office for National Statistics said consumer prices rose 1.7% in September, down from 2.2% the previous month, largely as a result of lower air fares and petrol prices.
The UK Government announced in the June 2010 budget that CPI would be used in place of RPI for uprating of some benefits with effect from April 2011. [24] Regarding state pensions, the UK government confirmed in their autumn statement in 2011 that these would go up by the greater of the CPI, average earnings, or 2.5%. [12]