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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

May 16, 2017
UK CONSUMER PRICE INDEX, APRIL 2017

In April 2017, the Consumer Price Index rose by 2.7 per cent over the year since April 2016, up from the 2.3 per cent 12-month change reported in March of this year. 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 airfares, vehicle excise duty, and electricity. These were partly offset by lower prices for 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 April 2017, the CPIH (not a National Statistic) rose by 2.6 per cent over the year since April 2016, up from 2.3 per cent in March.

 

 Source: United Kingdom Office for National Statistics CPI Report, Statistics Canada CANSIM 326-0020



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