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- UK consumer price index rose more than expected in April
UK consumer price index rose more than expected in April
According to the report from the Office for National Statistics, the Consumer Prices Index (CPI) rose by 1.5% in the 12 months to April 2021, up from 0.7% growth in March. Economists had expected a 1.4% increase. On a monthly basis, the CPI rose by 0.6% in April 2021, following a 0.3% increase in March 2021.
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 1.6% in the 12 months to April 2021, up from 1.0% growth to March.
The largest upward contributions to the CPIH 12-month inflation rate came from housing and household services (0.57 percentage points), and transport (0.56 percentage points).
On a monthly basis, the CPIH rose by 0.7% in April 2021, following a 0.2% increase in March 2021.
Rising household utility, clothing, and motor fuel prices made the largest upward contributions to CPIH growth in April 2021; these were partially offset by a large downward contribution from recreation and culture.
As a result of the easing of coronavirus (COVID-19) restrictions, the number of CPIH items identified as unavailable in April 2021 fell to 28, accounting for 3.1% of the basket by weight; we collected a weighted total of 77.2% of comparable coverage collected before the first lockdown (excluding unavailable items).
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