UK CPI unchanged in March

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Tuesday, Apr 11 2017

UK CPI unchanged in March

The Consumer Prices Index including owner occupiers’ housing costs (CPIH, not a National Statistic) 12-month inflation rate was 2.3% in March 2017, unchanged from February. The rate has been steadily increasing following a period of relatively low inflation in 2015.Rising prices for food, alcohol and tobacco, clothing and footwear, miscellaneous goods and services were the main upward contributors to change in the rate.These were largely offset by a downward contribution from transport, particularly air fares and, to a lesser extent, motor fuels. The Consumer Prices Index (CPI) 12-month rate was also 2.3% in March 2017, unchanged from February.

The annual rate of producer price inflation fell back slightly in March 2017. Factory gate prices (output prices) rose 3.6% on the year to March 2017, from 3.7% in February 2017, which is the ninth consecutive period of annual price growth. Prices for materials and fuels which are paid by UK manufacturers for processing (input prices) rose 17.9% on the year, which is a slight decrease from February 2017; this is the ninth consecutive period of annual price growth.

More in this category: « NAB Business Confidence fell to 6 ZEW Economic Sentiment for Germany at the highest level since August 2015 »

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