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May 23, 2018UK CONSUMER PRICE INDEX, APRIL 2018 In April 2018, the Consumer Price Index rose by 2.4 per cent over the year since April 2017, down from 2.5 per cent in March. 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 airfares, attributable to the Easter holiday.
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 April 2018, the CPIH rose by 2.2 per cent over the year since April 2017, down from 2.3 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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