UK CPI unchanged in July

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Tuesday, Aug 15 2017

UK CPI unchanged in July

The Consumer Prices Index including owner occupiers’ housing costs 12-month inflation rate was 2.6% in July 2017, unchanged from June 2017. CPIH was re-designated as a National Statistic on 31 July 2017. The price of motor fuel continued to fall and provided the largest downward contribution to change in the rate between June 2017 and July 2017. This was offset by smaller upward contributions from a range of goods and services, including clothing, household goods, gas and electricity, and food and non-alcoholic beverages. The Consumer Prices Index (CPI) 12-month rate was 2.6% in July 2017, unchanged from June 2017.

The annual rate of inflation for goods leaving the factory gate slowed for the third time this year, mainly as a result of 2016 price movements dropping out of the annual comparison. Factory gate prices (output prices) rose 3.2% on the year to July 2017, from 3.3% in June 2017, which is a 0.5 percentage points decline from their recent peak of 3.7% in February and March 2017. Prices for materials and fuels (input prices) rose 6.5% on the year to July 2017, from 10% in June 2017; as per factory gate prices, the drop in July’s rate is due to 2016 price movements dropping out of the annual comparison.

More in this category: « German GDP grew by 0.6% in Q2 US Retail Sales up by 0.6% »

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