UK Inflation Rate

worldtraveller

Inflation, as measured by the Office for National Statistics' Consumer Prices Index (CPI), was 2.6% in June, 2017, down from 2.9% in May, 2017.

Main points

• The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.6% in June 2017, down from 2.7% in May 2017.
• This is the first fall in the CPIH inflation rate since April 2016, although it remains higher than in recent years.
• Falling prices for motor fuels and certain recreational and cultural goods and services were the main contributors to the fall in the rate.
• These downward contributions were partially offset by rising prices for furniture and furnishings.
• The Consumer Prices Index (CPI) 12-month rate was 2.6% in June 2017, down from 2.9% in May 2017.

ONS

michaels

So inflation continues to come in below expectations at 2.6% for July.

You might not realise this from the BBC headline which only talks about rail fair increases and the rpi.

http://www.bbc.co.uk/news/business-40922861

economic

michaels wrote: »

So inflation continues to come in below expectations at 2.6% for July.

You might not realise this from the BBC headline which only talks about rail fair increases and the rpi.

http://www.bbc.co.uk/news/business-40922861

ive stopped reading anything from the bbc. its a corrupt organisation.

Thrugelmir

michaels wrote: »

So inflation continues to come in below expectations at 2.6% for July.

You might not realise this from the BBC headline which only talks about rail fair increases and the rpi.

http://www.bbc.co.uk/news/business-40922861

Pricing is a farce though. Split your journey and the price halves. All without even getting off the train. Going into London split at Didcot. Heading from Reading to Brum. Split at Banbury. Too much overcharging.

worldtraveller

Inflation, as measured by the Office for National Statistics' Consumer Prices Index (CPI), was 2.9% in August, 2017, up from 2.6% in July, 2017.

Main points

• The Consumer Prices Index including owner occupiers’ housing costs 12-month inflation rate was 2.7% in August 2017, up from 2.6% in July 2017.
• Rising prices for clothing and motor fuels were the main contributors to the increase in the rate between July and August 2017.
• Air fares also rose between July and August but the rise was smaller than between the same two months a year ago and so resulted in a partially offsetting, downward contribution.
• The Consumer Prices Index (CPI) 12-month rate was 2.9% in August 2017, up from 2.6% in July 2017.

ONS

A_Medium_Size_Jock

May I point out that as a comparison German figures due Wednesday are expected to show their August rate as being 1.8%, up from last month's 1.7%.
https://www.destatis.de/EN/Homepage.html
Comparatively this would suggest that any external factors (exchange rate etc.) are having minimal real impact.

A_Medium_Size_Jock

ilovehouses wrote: »

Are you really making that suggestion based on the UK's 0.3% increase in inflation (vs 2.6%) and Germany's 0.1% increase in inflation (vs 1.7%)?

I can lend you a shoehorn if you need it.

No, it's you that needs the shoehorn; you really ought to read more and perhaps try digesting before posting in order to avoid the appearance of infantile dispute.

First note my wording: "comparatively".
It looks like your comprehension of that word may be questionable.
If you had bothered to read more before foolishly plunging in you might have read:

Further, the final estimate of August German inflation, also due Wednesday, is expected, on the EU measure, to align with the flash estimate of 1.8 percent y/y, up 0.3ppt from July.

https://www.traderstfx.com/financial-news/1160035-german-bunds-plunge-as-investors-await-august-cpi-10-year-auction

Before you even think to yet again attempt a tennis-type back and forth as is your frequent response when shown to be inaccurate I would politely request that you desist from clogging up another thread.
Again.

A_Medium_Size_Jock

*yawn*
Still doing no more than attempting to disrupt threads I see.
Still determined to appear no more than argumentative.

ilovehouses wrote: »

Come now. ........

Any evidence?
Any links to support your remarks?
That'll be a "no" will it?

ilovehouses wrote: »

UK inflation is at a 6 year high.

http://www.inflation.eu/inflation-rates/great-britain/historic-inflation/cpi-inflation-great-britain.aspx
Here's another: http://www.whatsthecost.com/historic.cpi.aspx

Why the concern now when the UK's inflation has been higher than it currently is for most of the past 50 years or more?

The UK inflation rate follows a similar pattern to other developed nations but is often slightly higher than them

http://inflationmatters.com/latest-uk-worldwide-inflation/

ilovehouses wrote: »

You made a conclusion ........

No.
I made a suggestion; read my post again.
Very clearly it says "this would suggest".
As such there appears a need to differentiate between "suggestion" and "conclusion".

ilovehouses wrote: »

BTW, you should know by now I respond to your posts as and when I see fit so there's little point continually instructing me not to.

You carry on.
The more people observe your attitude the better IMHO.

BTW "continually"?
:rotfl:

A_Medium_Size_Jock

ilovehouses wrote: »

You can't ....... bluster ...... waffle ......... blah blah blah

Let go that bone, eh?

michaels

Whilst for some it may be worth arguing over the semantics I think it is fair to say that a 1% difference in the headline rate of inflation for 1 year is pretty hard to spot on a day to day basis. On a £20k household expenditure it means the same basket would be £200 more - not nothing but probably pretty hard to notice the £16.67 per month in most people's budgets and almost certainly outweighed by individual spending differences for example those who buy more clothes will be hit harder than those who fly more etc.