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Inflation: Key Economic Indicators

Published Wednesday, September 14, 2016

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

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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 was 0.6% in August, the same as July. The RPI inflation rate was 1.8%, down from 1.9% in June.

The main contribution to the increase came through rises in motor fuels, alcoholic beverages and accommodation services. The upwards pressures were partially offset by a fall in social housing rent and falling prices for certain games and toys.   



Commons Briefing papers SN02792

Author: Dominic Webb

Topics: Economic policy, Economic situation

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