Labour Research February 2014

News

RPI inflation goes up

The annual rate of inflation — as measured by the Retail Prices Index (RPI) — was up to 2.7% in December 2013 against 2.6% in November.

The rise was due in part to higher motoring costs.

Under the Consumer Prices Index (CPI) — the measure generally used by the coalition government — inflation fell to 2.0% from 2.1% in November.

The fall was mainly due to slower increases in food prices.

www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/december-2013/index.html