Menu
17/06/2014
UK Inflation Rate Drops To 1.5% In May
The Consumer Prices Index (CPI) grew by 1.5% in the year to May 2014, down from 1.8% in April, according to the Office for National Statistics (ONS).
Falls in transport services costs, notably air fares, provided the largest contribution to the decrease in the rate. Other large downward effects came from the food & non-alcoholic drinks and clothing sectors. The largest offsetting upward effects came from motor fuels and recreation & culture.
The timing of Easter in April is likely to have had an impact on movements in the index, most notably for air and sea fares.
The Retail Prices Index grew by 2.4% in the year ending May 2014, down from 2.5% in April.
(CD)
Falls in transport services costs, notably air fares, provided the largest contribution to the decrease in the rate. Other large downward effects came from the food & non-alcoholic drinks and clothing sectors. The largest offsetting upward effects came from motor fuels and recreation & culture.
The timing of Easter in April is likely to have had an impact on movements in the index, most notably for air and sea fares.
The Retail Prices Index grew by 2.4% in the year ending May 2014, down from 2.5% in April.
(CD)
Related UK National News Stories
Click here for the latest headlines.
21 April 2009
Inflation Drops Below Zero
The rate of inflation which includes mortgage costs has dropped below zero for the first time since 1960. The inflation measured by the Retail Prices Index (RPI) dropped to -0.4% in March, a further drop from zero in February.
Inflation Drops Below Zero
The rate of inflation which includes mortgage costs has dropped below zero for the first time since 1960. The inflation measured by the Retail Prices Index (RPI) dropped to -0.4% in March, a further drop from zero in February.
18 May 2004
Petrol prices fuel inflation rise
Recent oil market pressures and rises on the prices of furnishings have lead to a 0.1% rise in the past month to 1.2%, according to the Office of National Statistics (ONS). The Consumer Prices Index (CPI) - the government's target measure of inflation - rose from 1.1% in March after the price of petrol and domestic heating oil upped this April.
Petrol prices fuel inflation rise
Recent oil market pressures and rises on the prices of furnishings have lead to a 0.1% rise in the past month to 1.2%, according to the Office of National Statistics (ONS). The Consumer Prices Index (CPI) - the government's target measure of inflation - rose from 1.1% in March after the price of petrol and domestic heating oil upped this April.
14 June 2005
Inflation remains steady at 1.9%
Consumer price inflation in the UK remained at 1.9% in May, the latest figures from the Office of National Statistics (ONS) have shown. The ONS said that a fall in petrol prices helped to offset price rises in food and air fares.
Inflation remains steady at 1.9%
Consumer price inflation in the UK remained at 1.9% in May, the latest figures from the Office of National Statistics (ONS) have shown. The ONS said that a fall in petrol prices helped to offset price rises in food and air fares.
18 May 2010
UK Inflation Soars To 17-Month High
UK inflation reached a 17 month high in April, according to official figures. The Consumer Prices Index (CPI) rose by 3.7%, up from 3.4% in March. The all items retail prices index (RPI) also rose by 5.3%. The RPI annual inflation rate is now at its highest level since July 1991 (when it stood at 5.5%).
UK Inflation Soars To 17-Month High
UK inflation reached a 17 month high in April, according to official figures. The Consumer Prices Index (CPI) rose by 3.7%, up from 3.4% in March. The all items retail prices index (RPI) also rose by 5.3%. The RPI annual inflation rate is now at its highest level since July 1991 (when it stood at 5.5%).
17 September 2013
Inflation Drops To 2.7% In August
A new measurement of the consumer price index (CPI) has shown the UK inflation has fallen to 2.7% in the year to August, down 0.1% since July. In the same period wages rose by 1.0%, revealing that prices are still rising faster than wages in the UK. There was a 3.3% increase in inflation measured by the retail price index (RPI), up from 3.
Inflation Drops To 2.7% In August
A new measurement of the consumer price index (CPI) has shown the UK inflation has fallen to 2.7% in the year to August, down 0.1% since July. In the same period wages rose by 1.0%, revealing that prices are still rising faster than wages in the UK. There was a 3.3% increase in inflation measured by the retail price index (RPI), up from 3.
-
Northern Ireland WeatherThis Evening and Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
