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Inflation: Key Economic Indicators

Published Wednesday, May 22, 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 2.1% in April 2019, up from 1.9% in March.

The RPI inflation rate was 3.0% in April 2019, up from 2.4% in March to its highest value this year. 

Upward contributions came largely from rising prices of transport, mostly from air fares; this was partly offset by decreases in prices for recreation and culture, mostly from games, toys and hobbies.

 

Commons Briefing papers SN02792

Author: Feargal McGuinness

Topics: Economic policy, Economic situation

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