Labour Research October 2020

News

Inflation dropping

The Retail Prices Index (RPI — the unions’ preferred measure) — and the Consumer Prices Index (CPIH), including housing elements, were in rare agreement: the cost of goods and services rose by just 0.5% in the year to August.

Falling prices in restaurants and cafes, from the government’s Eat out to help out scheme, helped reduce the inflation rise as did falling air fares and slower growth in clothing prices.

https://www.ons.gov.uk/economy/inflationandpriceindices