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July 18, 2017UK CONSUMER PRICE INDEX, JUNE 2017 In June 2017, the Consumer Price Index rose by 2.6 per cent over the year since June 2016, down from the 2.9 per cent 12-month change reported in May of this year. The rate has been steadily increasing following a period of relatively low inflation in 2015.
The main contributors to the decrease in the rate were falling prices for motor fuelsand a variety of recreational and cultural goods and services These were partly offset by rising prices for food and non-alcoholic beverages, furniture and furnishings, and household goods.
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 June 2017, the CPIH (not a National Statistic) rose by 2.6 per cent over the year since June 2016, down from 2.7 per cent in May 2017.
Source: United Kingdom Office for National Statistics CPI Report, Statistics Canada CANSIM 326-0020
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