1.9% Increase In Annual Inflation In June

The CPI grew by 1.9% over the year to June from 1.5% in May with the largest contribution coming from clothing, food and non-alcoholic drinks and air transport. It means that a basket of goods that cost £100 in June 2013 costs 101.90 in June 2014.

CPI Up To 2.9%

Inflation, using the Consumer Prices Index (CPI), increased by 2.9% in the year to June 2013 compared to 2.7% in May, an increase of 0.2%. The Government's target is still 2%. The main upward drivers were motor fuels and clothing and footwear. Air transport provided the biggest downward 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.

Annual CPI Down To 2.8%

CPI annual inflation fell from 3% in April to 2.8% in May 2012 according to data from the ONS. It is the lowest annual rate since November 2009 (1.9%). The index is 122.8 in May 2012 based on 100 in 2005.

The downward pressures came from motor fuel and food and non-alcoholic beverages. Upward pressure came from air and sea transport.

RPI inflation in May stands at 3.1% from 3.5% in April. It is the lowest since December 2009. Downward pressure came from petrol and oil and food, upward pressure came from other travel costs (incl. air transport).

Inflation Down To 3%

CPI annual inflation fell 0.5% to 3% in April 2012. Easter had a significant effect on the data. The rate was last lower in December 2009 when it was 2.9%. The index stands at 122.9. The main causes of the decrease in the index were falls in prices in air transport, off-sales of alcohol, clothing and sea transport. Upward pressure came from the operation of personal transport equipment, restaurants and hotels, and rents. The RPI stands at 3.5% down from 3.6% in March. The CPI rose 0.6% between March and April 2012. Transport prices rose by 1.2% the largest contrubutor to which came from fuel costs which increased 2%. Petrol prices went up 3.2% to £1.42/l. Diesel prices rose 2.1% to £1.48/l. The increase in excise duties helped prices of alcohol and tobacco to go up by 2.9%, where tobacco prices increased by 5.1%. Prices of furniture, household equipment and maintenance fell by 1.2%, mainly due to downward prices in furniture and furnishings.

Services Growth 0.8%

The index of services rose by 0.8% in April 2011 compared with April 2010. Transport, storage and communication services made the largest contribution with an increase of 3.7% within which air transport increased by 23.3%.

CPI At 4.5% In April

CPI annual inflation in April stands at 4.5% up from 4% in March. The most significant contributions to the increase were air transport, alcohol and tobacco and gas. Downward pressure came from petrol and diesel, miscellaneous goods and services, clothing and footwear and communication. The RPI index recorded an annual inflaton rate of 5.2% down from 5.3% in March.