House of Commons Library

Inflation: Key Economic Indicators

Published Tuesday, December 12, 2017

Inflation: Data on both the CPI and RPI inflation indices.

Jump to full report >>

The Consumer Prices Index (CPI) is the main measure of inflation. It is produced in line with international standards and is the measure used for the Bank of England’s 2% inflation target. The Retail Prices Index (RPI) is no longer classified as a National Statistic as the way it is calculated does not meet international standards. It is included here as it is well-known and is the longest running measure of inflation.

The CPI inflation rate increased to 3.1% in November 2017, up from 3.0% in October. This is the CPI’s highest rate since March 2012.

The RPI inflation rate decreased to 3.9% in November, down from 4.0% in October. This is the same rate as in August and September.

The increase in the CPI rate was mostly due to price rises in transport and recreation and culture, partly offset by decreases in the prices of miscellaneous goods and services, clothing and furniture.

Commons Briefing papers SN02792

Author: Philip Brien

Topics: Economic policy, Economic situation

Share this page

Stay up to date

  • Subscribe to RSS feed Subscribe to Email alerts Commons Briefing papers

House of Commons Library

The House of Commons Library provides research, analysis and information services for MPs and their staff.