CPI Inflation Rises February 2019

Published / Last Updated on 20/03/2019

The Consumer Prices Index (CPI) was up in February 2019 to 1.9% pa from 1.8% pa in January 2019.

CPI is a rate set by goods brought by households and is measured by comparing previous months to the latest month and the rate is given by the balance between the up or downward price movements.

The Consumer Prices Index including owner occupiers housing costs (CPIH) remained the same for February 2019 as it was in January 2019 at 1.8% pa.  The CPIH measures the same rates as CPI but includes measuring costs with owning and maintaining your own home including council tax, which aren’t measured in the CPI.

Food, tobacco and alcohol where the main contributors to the change in rates, but clothing and footwear remained lower than last year.  1.4% of the rise from costs of housing and household services and an increase in council tax were a major contribution with package holidays and cars up 3.1%, whilst fuel continued to go down and pulled inflation back.

The old measure of inflation, Retail Prices Index (RPI) held at 2.5% pa.

On Monday 18th March 2019, the Bank of England had the Consumer Prices Index data released to them early ready for the Monetary Policy Committee meeting that day.

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