The Consumer Price Index (CPI) rose by 0.9 per cent in October, down from 1.0 per cent in the previous two months. This was below the consensus view of a 1.1 per cent rise in CPI and more importantly, lower than the Bank of England’s forecast in their latest Inflation Report released earlier this month. While the headline figure dipped in October it is significantly higher than the lows experienced since late 2014. In fact, since December 2014 inflation has averaged just 0.3 per cent and this is only the second time over the period that inflation has been above 0.6 per cent.Downward pressure on the annual CPI rate came from a number of categories in October, notably Clothing and Footwear, Recreation and Culture and Education, all of which experienced a smaller rise in prices compared with a year earlier. It’s also worth noting that Clothing and Footwear prices rose sharply in September, putting upward pressure on prices, and were widely expected to show a reversal in October. Food and Non-Alcoholic Beverages and Restaurants and Hotels also provided some downward pressure.
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 - November 2016
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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|