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- UK CPI up 0.6% y/y on rising food prices and air fares
UK CPI up 0.6% y/y on rising food prices and air fares
The Consumer Prices Index (CPI) rose by 0.6% in the year to August 2016, unchanged from July. The rate is still relatively low in the historic context although it is above the rates experienced in 2015 and early 2016.
The main upward contributors to change in the rate were rising food prices and air fares, and a smaller fall in the price of motor fuels than a year ago. These upward pressures were offset by falls in hotel accommodation prices, in addition to smaller rises in the prices of alcohol, and clothing and footwear than a year ago.
CPIH (not a National Statistic) rose by 0.9% in the year to August 2016, unchanged from July.
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