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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 ...
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.
And hotel rates fell 1%, partly reversing a 3.2% increase the previous month. Some goods prices also moderated. Appliances slid 2.9% while furniture slipped nearly 1% and apparel inched up just 0.1%.
Economists say the faster pace of price rises all but rules out an interest rate cut on Thursday. UK inflation rate hits highest level for eight months Skip to main content
UK inflation slowed to 2% in May, falling to the Bank of England’s target for the first time in nearly three years as food price rises eased sharply. Inflation is finally back at 2% in the UK.
The UK was reported to be among the worst affected among the world's advanced economies. In 2021, the UK's inflation was less than that of the US, but high US inflation was not generally experienced as a cost-of-living crisis due to the stimulus cheques that had been distributed to American households. [8]
Headline consumer prices rose as forecast last month. The CPI increased 2.9% over the prior year in December, an uptick from November's 2.7% annual gain in prices.The yearly increase matched ...