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1. • Higher fuel and energy prices

     
     • It is mainly due to higher fuel and energy prices but the cost of second-hand cars and eating out also rose, the Office for National Statistics said.
     www.bbc.co.uk/news/business-59316544

     Inflation: UK prices soar at fastest rate for almost ten years

2. People also ask

   What are the main factors affecting consumer price inflation in 2021?

   • 1. Main points Household Cost Indices (HCIs) saw similar inflation rates as the Consumer Prices Index (CPI) and the Consumer Prices Index including owner occupiers' housing costs (CPIH) at the end of 2021, reflecting common drivers of inflation. All three measures of consumer price inflation have seen sharp rises since March 2021.

   Inflation and the cost of living for UK households, overview - Office

   www.ons.gov.uk/economy/inflationandpriceindices/articles/overviewofinflationandthecostoflivingforukconsumers/june2022

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   Why did inflation rise in 2021?

   • One cause of this was the re-opening of economies in 2021, including large changes in the level and composition of spending ("demand"), while another is that bottlenecks had formed in the global economy ("supply"). This led to some imbalances in product and labour markets, pushing up consumer price inflation.

   Demand and supply factors in CPI inflation, UK: 2021 to 2022

   www.ons.gov.uk/economy/inflationandpriceindices/articles/demandandsupplyfactorsincpiinflation/2021to2022

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   How much did the Consumer Prices Index rise in May 2021?

   • In May 2021, the Consumer Prices Index (CPI), the main measure of inflation of consumer prices in the UK, rose by a comparatively small 2.1 per cent.

   Why is inflation so high? The causes of the soaring UK rates explained

   inews.co.uk/inews-lifestyle/money/inflation-why-so-high-what-cause-uk-rate-increase-how-long-prices-rise-1700273

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   How much has consumer price inflation risen in 2022?

   • Overview Consumer price inflation has risen sharply in recent months, with the 12-month growth rate reaching 7.9% for the Consumer Prices Index including owner occupiers' housing costs (CPIH) in May 2022, and 9.1% for the Consumer Prices Index (CPI) in the same month.

   Inflation and the cost of living for UK households, overview - Office

   www.ons.gov.uk/economy/inflationandpriceindices/articles/overviewofinflationandthecostoflivingforukconsumers/june2022

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   Is the UK experiencing high inflation?

   • The UK is not alone in experiencing high inflation in recent months. Using the internationally comparable CPI, which is the same as Eurostat's Harmonised Index of Consumer Prices (HICP), we can see that UK inflation has been broadly in line with the EU average for the last year.

   Recent drivers of UK consumer price inflation: March 2022

   www.ons.gov.uk/economy/inflationandpriceindices/articles/priceseconomicanalysisquarterly/march2022

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   Why did prices rise in 2021?

   • Prices continued to rise in early 2021 as the global economy continued to reopen, including international travel, but has since fallen back. Consumer prices fell at the beginning of the coronavirus pandemic as both crude oil prices and consumer demand fell.

   Recent drivers of UK consumer price inflation: March 2022

   www.ons.gov.uk/economy/inflationandpriceindices/articles/priceseconomicanalysisquarterly/march2022

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3. www.ons.gov.uk › economy › inflationandpriceindicesRecent drivers of UK consumer price inflation - Office for ...

   www.ons.gov.uk › economy › inflationandpriceindices

   • Cached

   Mar 23, 2022 · UK consumer price inflation has risen sharply in recent months, driven by a broad range of items, with particular pressure coming from food, durables, consumer goods and energy. Energy,...

   • Recent drivers of UK consumer price inflation - Office for National ...

     US inflation has risen considerably more quickly, reaching...

   • Demand and supply factors in CPI inflation, UK: 2021 to 2022

     One cause of this was the re-opening of economies in 2021,...

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

   www.bbc.co.uk › news › business-59316544

   Nov 17, 2021 · Inflation is up sharply since Covid restrictions ended this year and the economy reopened. The Bank of England says it may have to raise interest rates in the "coming months" to tackle rising...

5. Videos

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6. www.ons.gov.uk › economy › inflationandpriceindicesDemand and supply factors in CPI inflation, UK: 2021 to 2022

   www.ons.gov.uk › economy › inflationandpriceindices

   • Cached

   Mar 9, 2023 · One cause of this was the re-opening of economies in 2021, including large changes in the level and composition of spending ("demand"), while another is that bottlenecks had formed in the...

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

   www.ons.gov.uk › economy › inflationandpriceindices

   • Cached

   • Author: 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. commonslibrary.parliament.uk › cost-of-living-andCost of living and inflation - House of Commons Library

   commonslibrary.parliament.uk › cost-of-living-and

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   The cost of living increased sharply across the UK during 2021 and 2022. The annual rate of inflation reached 11.1% in October 2022, a 41-year high, before easing in subsequent months. The inflation rate reached the Bank of England’s target of 2.0% in May 2024.

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9. www.gov.uk › government › statisticsConsumer price inflation, UK: November 2021 - GOV.UK

   www.gov.uk › government › statistics

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   Dec 15, 2021 · Consumer price inflation, UK: November 2021. Price indices, percentage changes and weights for the different measures of consumer price inflation.

10. inews.co.uk › inews-lifestyle › moneyWhy is inflation so high? The causes of the soaring UK rates ...

    inews.co.uk › inews-lifestyle › money

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    Jun 22, 2022 · In May 2021, the Consumer Prices Index (CPI), the main measure of inflation of consumer prices in the UK, rose by a comparatively small 2.1 per cent.