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Inflation: Key Economic Indicators

Published Friday, May 20, 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 Statistics 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 0.3% in April, 0.2% points lower than March. The RPI inflation rate increased by 0.3% points to 1.6%.

The main contribution to the increase came through rises in air fares and clothing prices. The upward pressures were partially offset by a fall in food prices and a smaller rise petrol prices than a year ago.  

 

Commons Briefing papers SN02792

Author: Dominic Webb

Topics: Economic policy, Economic situation

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