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- UK consumer price growth slowed slightly in February
UK consumer price growth slowed slightly in February
According to the report from Office for National Statistics, the Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate was 1.7% in February 2020, down from 1.8% in January 2020.
The largest contribution to the CPIH 12-month inflation rate in February 2020 came from housing, water, electricity, gas and other fuels (0.52 percentage points), which fell by 0.03 percentage points from January.
The contributions to change in the CPIH 12-month inflation rate were relatively small compared with movements in most months. Falls in the price of motor fuels, and games, toys and hobbies resulted in the largest downward contributions to the change in the CPIH 12-month inflation rate between January and February 2020. Price rises for recording media, and for restaurant and hotel services produced the largest, partially offsetting, upward contributions to change.
The Consumer Prices Index (CPI) 12-month rate was 1.7% in February 2020, down from 1.8% in January.
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