Monthly Archives: July 2017

Latest UK inflation data – June 2017

Inflation decreased in June with CPI declining to 2.6% (2.9%) and RPI to 3.5% (3.7%) i.e. almost back to April’s levels.

CPIH declined by just 0.1% to 2.6%. The ONS analysis of the changes said:

  • 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 full ONS report can be found here.

Latest UK inflation data – May 2017

Inflation increased in May again with CPI rising to 2.9% (2.7%) and RPI to 3.7% (3.5%).

CPIH rose by just 0.1% to 2.7%. The ONS analysis of the changes said:

  • 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 full ONS report can be found here.