Labour Research February 2021

News

Inflation rises

Retail Prices Index (RPI) inflation rose to 1.2% in December, up from 0.9%, bringing it closer to levels seen since the start of the first lockdown. Since April, annual RPI figures have ranged between 0.5% and 1.5%, averaging 1.1%.

CPIH (including owner-occupier housing costs) rose slightly from 0.6% to 0.8%. Rising transport, clothing, recreation and culture prices helped the increase, offset partly by falling food prices.

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