UK inflation rate down thanks to falling petrol prices Figures from the Office ...
UK inflation rate down thanks to falling petrol prices
Figures from the Office for National Statistics (ONS) show that the Consumer Prices Index (CPI) measure of inflation was 2.3% in November 2018, down from 2.4% in October 2018. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.2% in November 2018, unchanged from October 2018.
The largest downward contributions to change in the 12-month rate came from falls in petrol prices and across a variety of recreational and cultural goods and services, principally games, toys and hobbies, and cultural services.
These downward effects were offset by increased tobacco prices and, to a lesser extent, price rises in a variety of other categories, for example, accommodation services and passenger sea transport.
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Figures from the Office for National Statistics (ONS) show that the Consumer Prices Index (CPI) measure of inflation was 2.3% in November 2018, down from 2.4% in October 2018. The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.2% in November 2018, unchanged from October 2018.
The largest downward contributions to change in the 12-month rate came from falls in petrol prices and across a variety of recreational and cultural goods and services, principally games, toys and hobbies, and cultural services.
These downward effects were offset by increased tobacco prices and, to a lesser extent, price rises in a variety of other categories, for example, accommodation services and passenger sea transport.
Image source: pixabay.com
more...