Labour Research May 2018

News

Inflation falls again

Retail price inflation fell for the third month. In March, the annual rate of inflation under the Retail Prices Index (RPI) was down to 3.3% from 3.6% the previous month. 


Inflation under the Consumer Prices Index Housing (CPIH) — now the preferred official measure — was down to 2.3% from 2.5%. 


The Consumer Prices Index (CPI), which is still used by the government for uprating various benefits, fell to 2.5% from 2.7%.

https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/march2018