Inflation Increase As Fuel Bills Jump
Published / Last Updated on 21/05/2019
The Consumer Prices Index (CPI) was up in April 2019 to 2.1% from 1.9% in March 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) 12 month inflation rate was up in April 2019 to 2.0% from 1.8% in March 2019. 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.
The main contributors to the change in rates where rising energy prices and air fares.
Downward contributors where recreational and cultural items which included computer games and package holidays.
Comment
With Brexit in chaos and thus a weak pound, expect even higher prices. Inflation is here for a while until Brexit is resolved.