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      • Unfortunately not. Prices are still rising quite sharply compared to a year ago, just at a slower rate than they have been. Prices are still likely to keep going up over the next few months, but not at the rate that has caused such a shock to households and businesses across the country over the past year.
      www.bbc.co.uk/news/business-64290160

      Why inflation is falling but prices are still rising - BBC News

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  3. commonslibrary.parliament.uk › research-briefingsHigh cost of living: Impact on households - House of Commons ...

    5 days ago · In May 2024, inflation fell to 2.0% (the Bank of England’s target) for the first time since July 2021. Even though inflation is no longer high, the cumulative effect of rising prices means households face a much higher cost of living than in 2021. Households that were struggling before the period of high inflation have been most severely ...

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

    Oct 16, 2024 · The rate of inflation is the change in prices for goods and services over time. Measures of inflation and prices include consumer price inflation, producer price inflation and the House...

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

    • 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...

    See full list on ons.gov.uk

    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 ...

    See full list on ons.gov.uk

    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...

    See full list on ons.gov.uk

  6. www.beta.ons.gov.uk › economy › inflationandpriceConsumer price inflation, UK - Office for National Statistics

    • Philip Gooding
    • Annual CPIH inflation rate highest since September 2008. CPIH, OOH component and CPI 12-month inflation rates for the last 10 years, UK, November 2011 to November 2021.
    • Contributions from 6 of the 12 divisions were larger than in the previous three years. Contributions to the CPIH 12-month inflation rate, UK, November 2019 to November 2021.
    • Used car prices rose by 31.3% between April and November 2021. Used cars price indices (January of each year = 100), UK, January 2016 to November 2021.
    • 8 of the 12 divisions made upward contributions to the change in the Consumer Prices Index including owner occupiers’ housing costs (CPIH) annual inflation rate.

  7. www.ons.gov.uk › economy › inflationandpriceindicesInflation and the cost of living for UK households, overview ...

    • Kathryn Keane
    • CPI, CPIH and HCIs have all seen sharply increasing inflation in recent months. 12-month growth rates of CPI, CPIH and HCIs, UK, January 2006 to May 2022.
    • Higher income households have seen higher rates of inflation than lower income households over recent months. 12-month growth rates of HCI and CPIH for second and ninth income decile households, UK, January 2006 to December 2021.
    • Transport has contributed more to rising inflation for higher income households than lower income households over recent months. Contributions to the 12-month growth rate of HCI for the second and ninth income deciles, UK, October to December 2021.
    • High price growth for crude oil has fed through to price growth for petroleum products and fuels and lubricants. 12-month price growth for crude oil in Input PPI, petroleum products in Output PPI and fuels and lubricants in CPIH, UK, January 2020 to May 2022.

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

    Nov 17, 2021 · 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 second-hand cars...

  9. www.beta.ons.gov.uk › economy › inflationandpriceConsumer price inflation, UK - Office for National Statistics

    In September 2022, prices were 35.7% higher than a year earlier, with the largest increases coming from domestic and European flights. The annual rate of inflation for second-hand cars reduced to...

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