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For additional information relating to this article, please contact:

Mike Milloy Planning and Development Officer
Tel: 902-424-8800Email: Mike.Milloy@novascotia.ca

November 14, 2017
UK CONSUMER PRICE INDEX, OCTOBER 2017

In October 2017, the Consumer Price Index rose by 3.0 per cent over the year since October 2016, level with the year over year rate in September. The rate has been steadily increasing following a period of relatively low inflation in 2015.

The main contributors to upward pressure on the rate were increases in the prices of food and recreational goods. Falling motor fuel and furniture prices represented an offsetting downward contribution. 

Note: The UK has recently expanded the commentary on CPI to include a second measure, CPIH, that includes the 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 October 2017, the CPIH rose by 2.8 per cent over the year since October 2016, the same as last month.

 

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



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