Consumer price inflation, UK: September 2019. Within the group, which contributed 0.52 percentage points to the overall rate, the largest contributions were from owner occupiers’ housing costs (a 0.18 percentage point contribution); electricity, gas and other fuels (a 0.13 percentage point contribution); and Council Tax and rates (a 0.12 percentage point contribution).
Last year, petrol and diesel prices had risen by 1.7 and 1.5 pence per litre, respectively, between the same two months.
These were partially offset by downward movements across data processing equipment (including computers and their associated software and peripherals), where prices overall fell by 4.4% between August and September this year but rose by 1.5% between the same two months a year ago.Figure 4 shows the contribution of OOH and Council Tax to the CPIH inflation rate in the context of wider housing-related costs. The introduction of Ofgem’s initial energy price cap resulted in reduced contributions to the CPIH 12-month inflation rate for January to March 2019, but the contribution increased in April 2019 as energy providers responded to the latest change in the price cap. There was a further large downward contribution from second-hand cars, where prices fell by 1.4% between August and September compared with a rise of 1.4% a year ago.Within the transport division, transport services had no contribution to change in the CPIH 12-month inflation rate. Table: Annual Inflation Rates by Month and Year.
Conversely, the reduction in the contribution from rents is likely to be a result of a policy to reduce social housing rent starting from April 2016, although the contribution has risen slightly over the last year. Both of these are significant expenses for many households and are not included in the CPI.The CPI is a measure of consumer price inflation produced to international standards and in line with European regulations. Price indices, percentage changes and weights for the different measures of consumer price inflation.
Price indices, percentage changes and weights for the different measures of consumer price inflation.Official statistics are produced impartially and free from political influence.Don’t include personal or financial information like your National Insurance number or credit card details.To help us improve GOV.UK, we’d like to know more about your visit today. It is estimated by using price indices. It will take only 2 minutes to fill in.
Given that OOH accounts for around 17% of the CPIH, it is the main driver for differences between the CPIH and CPI inflation rates.Figure 2 shows the extent to which the different categories of goods and services have contributed to the overall CPIH 12-month inflation rate over the last two years.
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