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August 15, 2017UK CONSUMER PRICE INDEX, JULY 2017 In July 2017, the Consumer Price Index rose by 2.6 per cent over the year since July 2016, unchanged from June 2017. The rate has been steadily increasing following a period of relatively low inflation in 2015.
The main contributors to downward pressure on the rate were falling prices for motor fuels and communication. These were partly offset by rising prices for food and non-alcoholic beverages, furniture and household goods, miscellaneous goods and services, and clothing and footwear.
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 was re-designated as a National Statistics on 31 July 2017. More information on the CPIH can be found here.
In July 2017, the CPIH rose by 2.6 per cent over the year since July 2016, unchanged from June 2017.
Source: United Kingdom Office for National Statistics CPI Report, Statistics Canada CANSIM 326-0020
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