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Inflation: Key Economic Indicators

Published Wednesday, October 16, 2019

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 1.5% in October 2019, down from 1.7% in September.

The RPI inflation rate was 2.1% in October 2019, down from 2.4% in September. 

Downward contributions to the CPI rate came largely from electricity and gas prices, with other contributions from furniture and household goods and recreation and culture.

Commons Briefing papers SN02792

Author: Feargal McGuinness

Topics: Economic policy, Economic situation

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