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April 11, 2017UK CONSUMER PRICE INDEX, MARCH 2017 In March 2017, the Consumer Price Index rose by 2.3 per cent over the year since March 2016, unchanged from February 2017. The rate has been steadily increasing following a period of relatively low inflation in 2015.
The main contributors to the increase in the rate were rising prices for food, alcohol and tobacco, clothing and footwear, and miscellaneous goods and services. These were partly offset by lower prices for transport and motor fuels.
Note: The UK has recently expanded the commentary on CPI to include a second measure, CPIH, that reflects costs associated with owning, maintaining and living in one’s own home, known as owner occupiers’ housing costs (OOH), along with Council Tax. Both of these are significant expenses for many households and are not included in the CPI. CPIH is not currently a National Statistic like the CPI. More information on the CPIH can be found here.
In March 2017, the CPIH (not a National Statistic) rose by 2.3 per cent over the year since March 2016, unchanged from February 2017.
Source: United Kingdom Office for National Statistics CPI Report, Statistics Canada CANSIM 326-0020
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