For additional information relating to this article, please contact:
November 14, 2018UK CONSUMER PRICE INDEX, OCTOBER 2018 In October 2018, the UK Consumer Price Index including owner-occupiers' housing costs (CPIH) rose by 2.2 per cent per compared with October 2017. This is level with last month's year-over-year increase. The largest contributions to rising UK inflation came from petrol, diesel, and domestic gas prices. Downward contributions came from food and non-alcoholic beverages, clothing and footwear, and some transport elements.
Growth in the Consumer Price Index excluding owner occupiers' housing costs (CPI) has been slightly faster at 2.4 per cent,also level with the year over year growth reported in September.
UK inflation has been more volatile than prices in Canada. Over the last year UK prices rose substantially faster than those in Canada, but since early 2018, growth has been similar for the two countries. Nova Scotia's CPI has recently dropped lower than in the UK.
Note: The UK has recently expanded the commentary on the consumer price index to include owner occupiers' housing costs (CPIH). This 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 more narrow Consumer Price Index (CPI). CPIH was re-designated as a National Statistics on 31 July 2017. More information on the CPIH can be found here.
Source: United Kingdom Office for National Statistics Statistical bulletin, Statistics Canada table 18-10-0004-01