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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

March 20, 2018
UK CONSUMER PRICE INDEX, FEBRUARY 2018

In February 2018, the Consumer Price Index rose by 2.7 per cent over the year since February 2017, down from 3.0 per cent in January. The rate peaked most recently at 3.1 per cent year over year last November, but has been dropping since. The UK had a period of relatively low inflation in 2015.

Downward contributions this month came from transport and food prices, while upward pressures came from footwear.   

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 February 2018, the CPIH rose by 2.5 per cent over the year since February 2017, down from 2.7 per cent (year over year) last month. 

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



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