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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

February 13, 2018
UK CONSUMER PRICE INDEX, JANUARY 2018

In January 2018, the Consumer Price Index rose by 3.0 per cent over the year since January 2017, stable with the year over year rate last month. The rate has been steadily increasing following a period of relatively low inflation in 2015.

Downward contributions this month came from motor fuels, while upward pressures came from recreational and cultural goods and services.  

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 January 2018, the CPIH rose by 2.7 per cent over the year since January 2017, stable the year over year change last month. 

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



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