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1. • • The cost of living increased sharply in the UK during 2021 and 2022. The annual rate of inflation peaked at 11.1% in October 2022, a 41-year high, before subsequently easing. In May 2024, inflation fell to 2.0% (the Bank of England’s target) for the first time since July 2021.
     commonslibrary.parliament.uk/research-briefings/CBP-10100/

     High cost of living: Impact on households - House of Commons ...

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   Why has the UK inflation rate risen this year?

   • The UK's inflation rate has risen for the first time this year, official figures show. Overall prices rose by 2.2% in the year to July, slightly above the Bank of England’s target of 2% where the rate had been since May. A rise was widely predicted and is due to prices of gas and electricity falling by less than they did a year before.

   UK inflation rate ticks up to 2.2% in first rise this year - BBC News

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   What does the August 2021 article say about inflation?

   • The August 2021 article compares inflation in the UK with the euro area and United States. The latest update of the relative weights of items in the consumer price inflation basket to ensure they remain representative of current consumer spending patterns.

   Consumer price inflation, UK - Office for National Statistics

   www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/december2021

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   How did the Consumer Prices Index perform in 2021?

   • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 2.9% in the 12 months to September 2021, down from 3.0% in the 12 months to August.

   Consumer price inflation, UK - Office for National Statistics

   www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/september2021

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   Are house prices rising?

   • Separate figures published by the ONS on Wednesday show that house prices have been rising, although the data pre-dates August’s cut in interest rates. UK property prices rose by 2.7% in the year to the end of June, the ONS said. In England, an increase of 2.4% pushed the average house price above £300,000.

   UK inflation rate ticks up to 2.2% in first rise this year - BBC News

   www.bbc.co.uk/news/articles/ceq59pqr9qxo

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   How much did CPI rise in December 2021?

   • The Consumer Prices Index (CPI) rose by 5.4% in the 12 months to December 2021, up from 5.1% in November. On a monthly basis, CPI increased by 0.5% in December 2021, compared with a rise of 0.3% in December 2020. 2. Annual CPIH inflation rate

   Consumer price inflation, UK - Office for National Statistics

   www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/december2021

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   How fast are prices rising in the UK?

   • The increase is also less than many economists had expected. The latest figures mean that prices are now rising faster across the UK than in previous months, but still at a slower pace than in 2022 and 2023 when households were hit especially hard by higher energy and food bills. How quickly are prices rising in the UK?

   UK inflation rate ticks up to 2.2% in first rise this year - BBC News

   www.bbc.co.uk/news/articles/ceq59pqr9qxo

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3. www.ons.gov.uk › economy › inflationandpriceindicesInflation and price indices - Office for National Statistics

   www.ons.gov.uk › economy › inflationandpriceindices

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   Oct 16, 2024 · The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 2.6% in the 12 months to September 2024, down from 3.1% in August. On a monthly basis, CPIH rose by 0.1% in...

4. www.ons.gov.uk › economy › inflationandpriceindicesConsumer price inflation, UK - Office for National Statistics

   www.ons.gov.uk › economy › inflationandpriceindices

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   • Transport
   • Restaurants and Hotels
   • Housing and Household Services
   • Recreation and Culture

   The contribution from transport has shown more variation than any other group over the last two years. It has ranged from a downward contribution of 0.20 percentage points in May 2020 during the first coronavirus (COVID-19) lockdown to an upward contribution of 0.91 percentage points in September 2021. This is the largest upward contribution from a...

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   The contribution from restaurants and hotels fell to 0.34 percentage points in September 2021, down from 0.65 percentage points in August. This was the largest contribution that this division had made to the CPIH annual rate National Statistic series, which began in January 2006. The August contribution was largely driven by widespread discounting ...

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   The contribution from housing and household services increased from 0.65 in August 2021 to 0.69 percentage points in September 2021, the largest contribution from this division since October 2013 when it was also 0.69 percentage points. The main upward pressure came from owner occupiers’ housing costs, which contributed 0.32 percentage points, with...

   See full list on ons.gov.uk

   During the period from April 2020 to January 2021, the largest contribution to the 12-month rate came from recreation and culture, reaching 0.35 percentage points in August 2020 then again in December 2020 and January 2021. This has since eased and currently contributes 0.31 percentage points to the CPIH annual rate. Contributions from this categor...

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5. www.ons.gov.uk › economy › inflationandpriceindicesConsumer price inflation, UK - Office for National Statistics

   www.ons.gov.uk › economy › inflationandpriceindices

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   • Annual CPIH inflation rate highest since September 2008. CPIH, OOH component and CPI 12-month inflation rates for the last 10 years, UK, December 2011 to December 2021.
   • Contributions from 4 of the 12 divisions were larger than in the previous three years. Contributions to the CPIH 12-month inflation rate, UK, December 2019 to December 2021.
   • Food and non-alcoholic beverages made the largest contribution to the change in the CPIH annual inflation rate. Contributions to change in the CPIH 12-month inflation rate, UK, between November and December 2021.
   • There was an unseasonal increase of 0.7% for clothing and footwear prices in December 2021. Clothing and footwear price indices (January of each year = 100), UK, January 2016 to December 2021.

6. www.bankofengland.co.uk › monetary-policyInflation calculator - Bank of England

   www.bankofengland.co.uk › monetary-policy

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   Overall, these features of the data mean that comparisons of prices further back in time and over long periods are less accurate than comparisons over short periods in recent years. Use our inflation calculator to check how prices in the UK have changed over time, from 1209 to now.

7. www.bbc.com › news › business-59316544Inflation: UK prices soar at fastest rate for almost ten years

   www.bbc.com › news › business-59316544

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   Nov 17, 2021 · Getty Images. The cost of living has surged at its fastest pace in almost 10 years, hitting 4.2% in the year to October. It is mainly due to higher fuel and energy prices but the cost of...

8. www.bbc.co.uk › news › articlesUK inflation rate ticks up to 2.2% in first rise this year ...

   www.bbc.co.uk › news › articles

   Aug 14, 2024 · The UK's inflation rate has risen for the first time this year, official figures show. Overall prices rose by 2.2% in the year to July, slightly above the Bank of England’s target of 2% where...