Inflation in terms of the CPI was up 1.9% in November up from 1.5% in October. The RPI continued to rise and was 0.3% up in November to 216.6 compared to a 0.8% fall in October. The RPIX (excludes mortgage interest payments) also continued to rise, to 2.7% from 1.9% in October. The CPI stood at 112 in November an increase for the 5th month in a row.
The main contribution to the rise was transport, largely fuel and lubricants, where pricews went up 2.8% in November compared with a fall of 8.3% for the same time last year. There were smaller upward contributions from clothing and footwear, mainly mens and womens outerwear, and housing and household services, from liquid fuels reflecting the price changes of crude oil. The main downward contribution came from food and non-alcoholic beverages with price rises of 0.6% this year compared to 1.4%. The effect was mainly due to vegetables, coffee, tea and cocoa prices falling this year but rising a year ago. Fruit offset the effect slightly with price rises of 11.2% against rises of 6% a year ago.
Motoring expenses were the main contributor to the changes in the RPI. Price rises for petrol, oil and vehicle purchases this and prices falling a year ago explain the changes. Upward contributions came from mortgage interest payments and house depreciation which rose this year but fell a year ago. These changes reflect smoothing in the Department of Communities and Local Government House Price Index figures that are used in the ONS calculations. An increase in furniture prices also helps explain the change due to household goods contribution to the index. Downward effects were due to food prices which went up by less than a year ago, particularly vegetables, other fmcgs and soft drinks. Mobile phone charges, which fell this year but rose last year, also had an effect.
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