First published in 1997 as the Harmonised Index of Consumer Prices (HICP), the CPI is the inflation measure used in the government’s target for inflation.The CPI is produced at the same level of detail as the CPIH in the accompanying The RPI does not meet the required standard for designation as a The UK Statistics Authority recommended in 2019 that the publication of the RPI should be stopped at a point in the future and that in the interim, the shortcomings of the RPI should be addressed by introducing CPIH data sources and methods into its production. The CPIH 1-month inflation rate was 0.0% in April 2020, compared with 0.6% in April 2019. Rising pump prices and upward contributions from transport services (in particular, airfares) meant transport’s contribution rose to 0.22 percentage points in January 2020.The contribution to the CPIH 12-month inflation rate from restaurants and hotels increased to 0.21 percentage points in January 2020, from 0.16 percentage points in December 2019. The decisions we make around the methods and data sources will be communicated to the Bank of England prior to implementation.As the UK leaves the EU, it is important that our statistics continue to be of high quality and are internationally comparable. Further electricity and gas price rises in summer and autumn 2018 increased their contribution to the CPIH 12-month rate. Catch up on the latest data and analysis related to the coronavirus (COVID-19) pandemic and its impact on the economy, business and jobs. The Consumer Prices Index (CPI) 12-month inflation rate was 1.8% in January 2020… There were downward contributions from margarine or low-fat spread; fish; fruit; and fruit squash. We use this information to make the website work as well as possible and improve our services.The rate of inflation is the change in prices for goods and services over time. During the transition period, those UK statistics that align with EU practice and rules will continue to do so in the same way as before 31 January 2020.After the transition period, we will continue to produce our consumer price statistics in line with the UK Statistics Authority’s These currently include the standard international Classification of Individual Consumption According to Purpose (COICOP) system, developed by the UN Statistical Division, and for the CPI, the rules underlying the construction of the Harmonised Index of Consumer Prices (HICP), developed by Eurostat in conjunction with EU member states and European Economic Area countries.The consumer price indices are based on prices collected from outlets around the country, supplemented by information collected centrally over the internet and by phone.The figures in this publication use data collected on or around 17 March 2020.More quality and methodology information on strengths, limitations, appropriate uses, and how the data were created is available in the Having reviewed the responses to the consultation on the use made of data on the formula effect in the RPI, we made the decision to cease the publication of these series from the February 2020 consumer price inflation publication (released on 25 March 2020).The RPI formula effect series (CDID: CRFT, CRFU and CRFV) were published as experimental series and were not the formula effect series, which are published as part of the reconciliation of the CPIH with the RPI and the CPI with the RPI in Table 5 of the /economy/inflationandpriceindices/bulletins/consumerpriceinflation/march2020 These are not the formula effect series, which are published as part of the reconciliation of CPIH with RPI and CPI with RPI in Table 5 of the consumer price inflation dataset. in2013dollars.com is a reference website maintained by the The effect on the mortgage interest payments series would be to raise the published index for February by 2.0 index points (or 0.9%) and lower the March index by 1.3 index points (or 0.6%).In line with the published revisions policy for consumer price inflation statistics, the index will not be revised. Other housing costs (namely, regular maintenance and repair, along with water and sewerage services) tend to make small contributions to the 12-month inflation rate.Consumer price inflation is the rate at which the prices of goods and services bought by households rise or fall.

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