Latest UK inflation data – July 2017

Inflation was fairly stable in July with CPI declining to 2.6% (2.6%) and RPI to 3.6% (3.5%).

CPIH also stayed the same at 2.6%. The ONS analysis of the changes said:

  • The price of motor fuel continued to fall and provided the largest downward contribution to change in the rate between June 2017 and July 2017.
  • This was offset by smaller upward contributions from a range of goods and services, including clothing, household goods, gas and electricity, and food and non-alcoholic beverages.

NOTE: ONS managed to get CPIH recognised as a National Statistic again. See here for our evaluation of it and why it is not a good measure of inflation.

The full July ONS inflation report can be found here.

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