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Consumer price inflation, UK - Office for National Statistics
Core CPI (excluding energy, food, alcohol and tobacco) rose by 5.1% in the 12 months to December 2023, the same rate as in November; the CPI goods annual rate slowed from 2.0% to 1.9%, while the CPI services annual rate increased from 6.3% to 6.4%. 2. Consumer price inflation rates.
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What is inflation and how does it affect consumers?
Inflation is the term used to describe the rate at which prices increase. It’s in the headlines because it has been rising at the fastest pace for several years across many countries. Inflation in the US was more than 8% in September and 10.1% in the UK. That compares with the roughly 2% most policymakers accept is a stable rate.
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Consumer price inflation, UK - Office for National Statistics
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 4.8% in the 12 months to December 2021, up from 4.6% to November. The 12-month inflation rate was the highest since September 2008, when it also stood at 4.8%.
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Inflation and price indices - Office for National Statistics
Consumer price inflation item indices and price quotes Price quote data (for locally collected items only) and item indices that underpin consumer price inflation statistics, giving users access to the detailed data that are used in the construction of the UK’s inflation figures. The data are being made available for research purposes only ...
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Consumer price inflation, UK - Office for National Statistics
The CPIH inflation rate is added for comparison. The core CPIH annual inflation rate was 4.0% in September 2024, down from 4.3% in August and from a recent high of 6.5% in May 2023. This was the highest rate since November 1991, when it was also 6.5% in our constructed historical series.
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Inflation: Why is it rising across the world and will it stay that way ...
Inflation is rising and the prospect of a cost of living crisis looms for many people across the world. April saw a CPI (consumer price index) increase of 8.3%, while US inflation has stayed at a 40-year high. Driven by food and energy costs in the wake of the COVID-19 pandemic, inflation has been exacerbated by the Russian invasion of Ukraine.
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CPIH ANNUAL RATE 00: ALL ITEMS 2015=100 - Office for National Statistics
Consumer Price Inflation team cpi@ons.gov.uk Telephone : Consumer Price Inflation Enquiries: +44 1633 456900. Consumer Price Inflation recorded message (available after 8am on release day): +44 800 0113703
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Inflation - Norges Bank
Inflation is measured by comparing the price of goods and services today with how much they cost one year ago. So if inflation is 2 percent, this means that prices are 2 percent higher (on average) than they were one year ago. For example, if a T-shirt cost NOK 100 one year ago and now costs NOK 102, its price has risen by 2 percent.
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What is inflation, and should we worry? An economist explains
Because inflation is a general increase in prices, lots of prices rising by a large amount, all at the same time. And that's important because if lots and lots of prices are rising, that's telling you that there's an imbalance in the overall economy and that's something that policymakers need to address.
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What is inflation and how do we calculate it?
Last updated: 3 September 2024. Learn more in our ONS guide to inflation and how we calculate it video. Inflation is a measure of how the prices of goods and services are rising, which can affect people’s household finances. Each month, we publish the latest annual inflation rate. This compares the prices of products with those purchased in ...
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