Food And Fuel Reduce CPI

CPI grew from 1.2% in the year to September to 1.3% in the year to October according to a statistical bulletin from the ONS. So goods that cost £100 last October cost £101.3 this October.

The main contributors to the rise in inflation were smaller falls in the costs for motor fuels and air fares and price rises for computer games.

The three main contributors to annual inflation over the last five years have been housing, water, electricity, gas and other fuels and restaurants and hotels. Together these three sectors have accounted for nearly half of inflation each month. Food and fuel prices which normally contribute to rises in annual inflation have been helping to reduce it by 0.3%.

CPI Up By 1.2%

The Consumer Price Index (CPI) grew by 1.2% (128.3 - 128.4, 2005=100) over the year to September 2014, down from 1.5% in August according to the ONS. Falls in sea fares and air fares and recreational goods were mainly responsible for the fall.

Housing and household services accounted for a third of the rate of inflation and if falling food and fuel prices were excluded the rate would be a third higher.

Easter Sees CPI Rise To 1.8%

The consumer prices index (CPI) grew by 0.2% to 1.8% over the year to April 2014 according to a statistical bulletin from the ONS. The CPI was 1.6% in March. The increase was mainly due to increases in airfares, sea fares and motor fuels probably as a result of the Easter holidays. These travelling costs were the main contributor to the overall increase in the CPI.

Consumer Inflation Up By 2.7%

The CPI grew by 2.7% in the year to September 2013 the same as it did in August. Changes in air fares contributed most to the upward movement but changes in petrol and diesel prices offset this with their downward contribution.

The fall in air fare prices at 18.7% was smaller than the 25.2% decrease a year ago giving an upward contribution to the change in CPI. Similarly a fall in fuel prices of 0.2% compared with an increase of 2.7% a year ago giving the downward contribution.

Consumer Price Inflation At 2.4%

The CPI grew by 2.4% on the annual comparison for April 2013 down from 2.8% in March but still above the 2% target set by the Government. The annual rate has however been relatively stable over the last six months. The largest downward contribution came from transport costs, motor fuel and air fares. Food and non-alcoholic beverages provided the only real upward pressure.

CPI Inflation Up To 2.6%

There was a rounded up increase of 0.1% from 2.4% in June to 2.6% in July in the CPI between June and July 2012 according to the ONS. The main upward pressure on the CPI came from transport and clothing and footwear. Air fares increased by 21.7% during the period compared with 9.8% a year ago. There were no significant downward pressures on the CPI between June and July.

Inflation Unchanged From August

Headline inflation remained at 3.1% in September as it was in August though there were significant changes within the index that put pressure on it between August and September.

Falling air fares and second-hand car prices put most downward pressure on inflation with the main upward pressures counteracting it being record price increases for August in clothing and footwear and food and non-alcoholic beverages where prices also rose slightly. Furniture, household equipment and maintenace also increased by 1.7%.

CPI Unchanged At 3.1%

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.

CPI Inflation Falls To 3.2% In June

Headline CPI inflation for June 2010 was 3.2%, down from 3.4% in May and stood at 114.6 (2005=100). The main contributors to the fall in the annual CPI were undoubtedly falling petrol and diesel prices and it was also helped by a record fall in June sales prices for clothing and footwear. Upward pressure on inflation came mainly from rises in air fares and increased insurance premiums.

The CPI rose 0.1% between May and June 2010 but the changes are within the normal range for that period. The main causes of the monthly changes were increases in the prices of computer games ands consoles within the recreation and culture category, increased European and long-haul air fares and a record increase for May to June of 5.7% in transport insurance premiums. The downward pressure from clothing and footwear of a 2.1% fall in prices was due mainly to women's outerwear.

The all-items RPI and the RPIX (RPI excluding mortgage payments) increased by 5% from 5.1% in May. The RPIY (excluding mortgage payments and indirect taxes) increased by 3.8%.