The Consumer Price Index (CPI) accelerated to 2.7 per cent in April – up from the 2.3 per cent rise in March. This was in line with the Bank of England’s expectations but above the consensus view of 2.6 per cent. The transport component was the main upward contributor to the overall rise, driven by airfares which reversed last month’s sharp fall. This was significantly impacted by the seasonal distortion caused by Easter. On an annual basis, airfares inflation rose by 8.6 per cent, which had a 0.21 per cent positive contribution to the change in the headline inflation rate. On a month-on-month basis, airfares rose by 18.6 per cent. The timing of school holidays could see airfares fall back again in May, however, this slight volatility will only be a pause before they continue on an upward trajectory.
UK Retail Inflation Report
Retail Economics reports a range of retail inflation indices on a monthly basis. Subscribers have access to all data (analytical reports and interactive data) and category breakdowns including food inflation, non-food inflation, clothing and footwear, household goods, food, DIY and gardening, consumer electricals, commodity prices, exchange rates and more.
UK Retail Inflation - May 2017
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The UK Retail Inflation report includes:
|Summary and economic overview|
|Consumer inflation by category|
|Prices, costs and margins|
|Comparison of inflation benchmarks|
|Producer and Factory Gate inflation|
|Summary of external retail sales sources including Office for National Statistics, British Retail Consortium, commodity prices, commodity benchmarks, exchange rates and more|