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.
Showing posts with label rpix. Show all posts
Showing posts with label rpix. Show all posts
Wednesday, 15 September 2010
Wednesday, 16 June 2010
Inflation Up 3.7%
The CPI for May rose by less than in April but it is still far higher than the Government target of 2%. It rose by 3.7% in April. The index was 114.4. The RPI at 223.6 rose by 5.1% down from 3.7% last month. The RPIX (RPI excluding mortgage interest payments) rose to 222.8 or by 5.1%, down from 5.4% the previous month.
The main contributory sectors to the change in the CPI were food and non-alcoholic beverages chiefly meat and in particular pork and fruit particularly grapes. Vegetables also had a small downward effect. Transport also had a downward effect as did the purchase of new cars and road passenger transport. Alcoholic beverages and tobacco, recreation and culture both had large downward effects. Books had a small upward effect. Housing and household services provided the only large upward contribution.
The RPI experienced a large downward contribution from food, fruit particularly grapes and mayonnaise and meat. Motoring expenditure and the purchase of motor vehicles made downward effects. The price of alcohol rose but by less than a year ago. Small downward contributions came from leisure services in particular foreign holidays, tobacco prices rising by less than a year ago and from household services again prices rising by less than a year ago. A small upward contribution was made by household goods where there were price rises. Furniture, in particular, kitchen base units provided the upward effect partially offset by a downward effect from furnishings.
The main contributory sectors to the change in the CPI were food and non-alcoholic beverages chiefly meat and in particular pork and fruit particularly grapes. Vegetables also had a small downward effect. Transport also had a downward effect as did the purchase of new cars and road passenger transport. Alcoholic beverages and tobacco, recreation and culture both had large downward effects. Books had a small upward effect. Housing and household services provided the only large upward contribution.
The RPI experienced a large downward contribution from food, fruit particularly grapes and mayonnaise and meat. Motoring expenditure and the purchase of motor vehicles made downward effects. The price of alcohol rose but by less than a year ago. Small downward contributions came from leisure services in particular foreign holidays, tobacco prices rising by less than a year ago and from household services again prices rising by less than a year ago. A small upward contribution was made by household goods where there were price rises. Furniture, in particular, kitchen base units provided the upward effect partially offset by a downward effect from furnishings.
Wednesday, 19 May 2010
CPI Sharp Rise To 3.7%
The CPI rose from 3.4% in the year to March 2010 to 3.7% this month. It was 3% in February. The largest upward contribution came from clothing and footwear within which the largest effect was made by women's garments. Other significant contributions came from food and non-alcoholic beverages, in particular food but no one item within the food category, alcoholic beverages and tobacco (2.1%), miscellaneous goods and services (0.8%) and restaurants and hotels.
The RPI rose by 5.3% in the year to April up from 4.4% in the year to March 2010. Tne RPIX rose by 5.4% from 4.8% in March.
The RPI rose by 5.3% in the year to April up from 4.4% in the year to March 2010. Tne RPIX rose by 5.4% from 4.8% in March.
Wednesday, 21 April 2010
An Increase of 3.4% In The CPI
The CPI for March 2010 went up by 3.4% from 3% in February and the RPI by 4.4% from 3.7%. The CPI indicator in March was 113.5 from 112.9. The RPIX went up from 4.2% in February to 4.8% in March.
Housing and household services made the most difference to the annual CPI with an increase this year after a fall last year. The main difference was made by domestic gas because average bills were unchanged this year between February and March but fell last year. Transport also made a large contribution from fuels and lubricants, increasing by 2.7% between February and March, and air fares on European and long-haul flights. Falling prices for second-hand cars partially offset these upward effects. Other large upward contributions came from food and clothing. The only large downward contribution came from furniture and furnishings.
Housing and household services made the most difference to the annual CPI with an increase this year after a fall last year. The main difference was made by domestic gas because average bills were unchanged this year between February and March but fell last year. Transport also made a large contribution from fuels and lubricants, increasing by 2.7% between February and March, and air fares on European and long-haul flights. Falling prices for second-hand cars partially offset these upward effects. Other large upward contributions came from food and clothing. The only large downward contribution came from furniture and furnishings.
Friday, 26 March 2010
Inflation Down to 3%
The CPI rose by 3% in the year to February to 112.9. In January it had been 3.5%. The RPI in February was 219.2 an increase of 3.7%. The RPI excluding mortgage interest payments was 4.2% up, down from 4.6% in January.
Recreation and culture provided the main downward contribution as prices remained unchanged over the survey period of January and February. Within this group the games, toys and hobbies sector was the main factor and in particular computer games and pre-school activity toys. Books, particularly non-fiction, also made a significant contribution. Clothing and footwear provided the only upward contribution particularly women's outerwear due to prices rising more than they did last year. Hotel accomodation provided a small upward contribution in the hotels and restaurants sector.
Housing provided the largest upward contribution to the RPI mainly due to mortgage interest payments. House depreciation also had an effect. Clothing and footwear added to the increase in the RPI. Fares and other travel particularly air fares also helped increase the RPI. Downward contributions came from motoring expenses, where fuel price increases were lower than last year, leisure and household goods and off-sales wines and spirits within the alcoholic beverages sector.
Recreation and culture provided the main downward contribution as prices remained unchanged over the survey period of January and February. Within this group the games, toys and hobbies sector was the main factor and in particular computer games and pre-school activity toys. Books, particularly non-fiction, also made a significant contribution. Clothing and footwear provided the only upward contribution particularly women's outerwear due to prices rising more than they did last year. Hotel accomodation provided a small upward contribution in the hotels and restaurants sector.
Housing provided the largest upward contribution to the RPI mainly due to mortgage interest payments. House depreciation also had an effect. Clothing and footwear added to the increase in the RPI. Fares and other travel particularly air fares also helped increase the RPI. Downward contributions came from motoring expenses, where fuel price increases were lower than last year, leisure and household goods and off-sales wines and spirits within the alcoholic beverages sector.
Wednesday, 24 March 2010
CPI At 3% In February
The CPI rose by 3% in the year to February to 112.9. In January it had been 3.5%. The RPI in February was 219.2 an increase of 3.7%. The RPI excluding mortgage interest payments was 4.2% up, down from 4.6% in January.
Recreation and culture provided the main downward contribution as prices remained unchanged over the survey period of January and February. Within this group the games, toys and hobbies sector was the main factor and in particular computer games and pre-school activity toys. Books, particularly non-fiction, also made a significant contribution. Clothing and footwear provided the only upward contribution particularly women's outerwear due to prices rising more than they did last year. Hotel accomodation provided a small upward contribution in the hotels and restaurants sector.
Housing provided the largest upward contribution to the RPI mainly due to mortgage interest payments. House depreciation also had an effect. Clothing and footwear added to the increase in the RPI. Fares and other travel particularly air fares also helped increase the RPI. Downward contributions came from motoring expenses, where fuel price increases were lower than last year, leisure and household goods and off-sales wines and spirits within the alcoholic beverages sector.
Recreation and culture provided the main downward contribution as prices remained unchanged over the survey period of January and February. Within this group the games, toys and hobbies sector was the main factor and in particular computer games and pre-school activity toys. Books, particularly non-fiction, also made a significant contribution. Clothing and footwear provided the only upward contribution particularly women's outerwear due to prices rising more than they did last year. Hotel accomodation provided a small upward contribution in the hotels and restaurants sector.
Housing provided the largest upward contribution to the RPI mainly due to mortgage interest payments. House depreciation also had an effect. Clothing and footwear added to the increase in the RPI. Fares and other travel particularly air fares also helped increase the RPI. Downward contributions came from motoring expenses, where fuel price increases were lower than last year, leisure and household goods and off-sales wines and spirits within the alcoholic beverages sector.
Wednesday, 17 February 2010
Inflation Hits 3.5%
The Governor of the Bank of England had to write to the Prime Minister to explain the fact that CPI inflation hit 3.5% in January. It is the second largest ever increase in the annual rate between 2 months. There was a 1% increase in the annual rate between November and December. CPI records began in 1996. The all items CPI is 112.4 down from 112.6 in December a change of 0.2% and although the index took a downward movement it is the greatest growth ever for those two months.
Both of these record movement can be at least partially explained by the 15% to 17.5% increase in VAT in January which also affected RPI. Another factor was the price of crude oil. The all goods CPI annual rate is 3.9% from 3.2% last month and the all services CPI annual rate is 3% from 2.6% last month.
The all items RPI in January was 217.9 down from 218 in December, the annual rate being 3.7% from 2.4%. The RPIX (excluding mortgage interest payments) was 4.6% from 3.8%. The all goods index was 169.3 from 169.7 or an annual rate of 6.5% from 5.3%. The all services index was 288.6 from 288.2, or an annual rate of 3.1% from 2.8% last month.
The largest upward contribution to the annual rate of CPI was from transport. Within transport the largest contribution came from a 2.2% rise in the price of fuels and lubricants compared with a fall of 3.4% last year. There were also large upward contributions from maintenance and repairs and the purchase of new and second hand cars. These were partially offset by a fall in prices in fares particularly in long-haul routes and sea transport. Another significant upward contribution came from recreation and culture where recording media particularly DVD purchases were significant along with subscriptions to cable and digital television.
Housing was a significant contributor to the increase in the RPI where mortgage interest payments rose this year but fell a year ago. After housing came motoring expenses mainly petrol and oil. Tobacco was also a significant contributor along with food, alcohol and household services, fuel and light and leisure goods.
Both of these record movement can be at least partially explained by the 15% to 17.5% increase in VAT in January which also affected RPI. Another factor was the price of crude oil. The all goods CPI annual rate is 3.9% from 3.2% last month and the all services CPI annual rate is 3% from 2.6% last month.
The all items RPI in January was 217.9 down from 218 in December, the annual rate being 3.7% from 2.4%. The RPIX (excluding mortgage interest payments) was 4.6% from 3.8%. The all goods index was 169.3 from 169.7 or an annual rate of 6.5% from 5.3%. The all services index was 288.6 from 288.2, or an annual rate of 3.1% from 2.8% last month.
The largest upward contribution to the annual rate of CPI was from transport. Within transport the largest contribution came from a 2.2% rise in the price of fuels and lubricants compared with a fall of 3.4% last year. There were also large upward contributions from maintenance and repairs and the purchase of new and second hand cars. These were partially offset by a fall in prices in fares particularly in long-haul routes and sea transport. Another significant upward contribution came from recreation and culture where recording media particularly DVD purchases were significant along with subscriptions to cable and digital television.
Housing was a significant contributor to the increase in the RPI where mortgage interest payments rose this year but fell a year ago. After housing came motoring expenses mainly petrol and oil. Tobacco was also a significant contributor along with food, alcohol and household services, fuel and light and leisure goods.
Tuesday, 19 January 2010
Inflation Up By 2.9%
The CPI rose by 2.9% in the year to December 2009 from 1.9% in November. The index stood at 112.6 up from 112 in November. It is the largest ever increase. The RPI was up from 216.6 in November to 218 in December or an increase of 2.4% from 0.3% in November. The RPIX (RPI excluding mortgage interest payments) rose by 3.8% from 2.7%.
The record increase in the CPI is largely down to changes that took place in December 2008. The VAT rate was reduced from 17.5% to 15%, there were sharp reductions in the price of oil and the effect of the economic downturn on Christmas sales. The main contributor to the upward trend in the CPI was from transport. Within this category fuels and lubricants rose by 0.2% compared to a 6.2% fall a year ago, the purchase of new cars and air transport. Other significant contributions to the CPI were from clothing and footwear. Retailers reported poor trading caused by the economic downturn. Recreation and culture also made an upward contribution to the CPI from newspapers, books and stationery, AV equipment and accessories and other recreational items such as games toys and hobbies.
Housing and motoring were the most significant upward contributors to the RPI. Mortgage interest payment were the most significant factor within housing in the increase and petrol and fuel the most significant in motoring. Household goods, clothing and footwear, leisure goods, household services and personal goods and services also made significant contributions.
The record increase in the CPI is largely down to changes that took place in December 2008. The VAT rate was reduced from 17.5% to 15%, there were sharp reductions in the price of oil and the effect of the economic downturn on Christmas sales. The main contributor to the upward trend in the CPI was from transport. Within this category fuels and lubricants rose by 0.2% compared to a 6.2% fall a year ago, the purchase of new cars and air transport. Other significant contributions to the CPI were from clothing and footwear. Retailers reported poor trading caused by the economic downturn. Recreation and culture also made an upward contribution to the CPI from newspapers, books and stationery, AV equipment and accessories and other recreational items such as games toys and hobbies.
Housing and motoring were the most significant upward contributors to the RPI. Mortgage interest payment were the most significant factor within housing in the increase and petrol and fuel the most significant in motoring. Household goods, clothing and footwear, leisure goods, household services and personal goods and services also made significant contributions.
Wednesday, 16 December 2009
Inflation Up Again In November
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.
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.
Thursday, 19 November 2009
Inflation Up In October
Both the all items CPI and the all items RPI were up in October. The annual rate for the CPI was 1.5% from 1.1% and for the RPI -0.8% from -0.1.4% last month. The annual rate for the RPIX was also up from 1.9% from 1.3% last month.
Looking at goods and services separately, the CPI for goods was 108.4 up from 108.3 giving an annual rate of 0.8% from 0.0% last month. The RPI all goods index was unchanged at 168.1. The all services index under the CPI was 115.7 from 115.4 at a rate of 2.3% down from 2.5% last month and for the RPI it was 285.1 from 283.8 and the rate is unchanged at 2.1%. The Tax and Price Index (TPI) for October was 192.9 from 192.2, or a rate of -1.6% up from -2.3% in September.
Transport contributed a large upward effect on the CPI due to falling prices in fuels and lubricants. Other noteworthy effects came from recreation and culture with price rises from the recording media in particular DVDs, games, toys and hobbies, food and non-alcoholic beverages and communications due to increases in landline telephone charges. A small upward effect came from furniture and household goods. Downward effects came mainly from miscellaneous goods and services in particular banking services, and education due to the effect of the increase in university fees. Housing and household services made a small contribution. These variations were reflected in the RPI with motoring expenditure the largest upward effect due to petrol and oil prices, housing in particular housing depeciation, food principally non-seasonal food, fares and other travel, household goods and services (furniture, telephones) , personal goods and services and leisure goods also made an impression.
Looking at goods and services separately, the CPI for goods was 108.4 up from 108.3 giving an annual rate of 0.8% from 0.0% last month. The RPI all goods index was unchanged at 168.1. The all services index under the CPI was 115.7 from 115.4 at a rate of 2.3% down from 2.5% last month and for the RPI it was 285.1 from 283.8 and the rate is unchanged at 2.1%. The Tax and Price Index (TPI) for October was 192.9 from 192.2, or a rate of -1.6% up from -2.3% in September.
Transport contributed a large upward effect on the CPI due to falling prices in fuels and lubricants. Other noteworthy effects came from recreation and culture with price rises from the recording media in particular DVDs, games, toys and hobbies, food and non-alcoholic beverages and communications due to increases in landline telephone charges. A small upward effect came from furniture and household goods. Downward effects came mainly from miscellaneous goods and services in particular banking services, and education due to the effect of the increase in university fees. Housing and household services made a small contribution. These variations were reflected in the RPI with motoring expenditure the largest upward effect due to petrol and oil prices, housing in particular housing depeciation, food principally non-seasonal food, fares and other travel, household goods and services (furniture, telephones) , personal goods and services and leisure goods also made an impression.
Tuesday, 23 June 2009
Both Inflation Measures Down In May
The Consumer Price Index rose by 2.2% in May. The largest downward contribution came from food and non-alcoholic drinks with meat particularly bacon the biggest factor. vegetables, bread and cereals also had an effect. Alcoholic drinks and tobacco had the biggest upward effect. Recreation and culture also had an upward effect. The CPI index has been rising since January.
The Retail Prices Index (RPI) all items index fell by 1.1% in May and the RPIX, excluding mortgage payments, went up by 1.6%. The biggest contributor to the difference and the 2 indicators was mortgage payments. Buildings insurance went up as did motoring expenditure particularly the purchases of motor vehicles. Food prices were the main downward contribution.
The Retail Prices Index (RPI) all items index fell by 1.1% in May and the RPIX, excluding mortgage payments, went up by 1.6%. The biggest contributor to the difference and the 2 indicators was mortgage payments. Buildings insurance went up as did motoring expenditure particularly the purchases of motor vehicles. Food prices were the main downward contribution.
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