The consumer price index remained at 3.1% in August according to the ONS even though there were significant upward and downward pressures on the index.
Rising air fares (16.1%), clothing (2.8%) and food were the most important contributors to upward pressure while a fall in second-hand car prices and falling petrol and diesel prices contributed downward pressure.
The most important upward contributions to the change in the 12 month rate came from clothing and footwear, food and non-alcoholic beverages. Downwrad pressure contributing to the change came from transport and furniture, household equipment and maintenance.
The 12 month rate to August was affected by upward pressure from transport (1.2%), food and alcoholic beverages (0.5%) and restaurants and hotels (0.4%). Clothing and footwear contributed downward pressure.
The RPI all items index and the RPIX increased by 4.7% from 4.8% in July.
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