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Release: Consumer Price Indices, August 2012

Released: 18 September 2012 Next edition: 16 October 2012

Contact

Philip Gooding

Prices

cpi@ons.gsi.gov.uk

Telephone: +44 (0)1633 456900

Categories: Economy, Prices, Output and Productivity, Price Indices and Inflation, Consumer Price Indices, Consumer Prices Index, Retail Prices Index

Frequency of release: Monthly

Language: English

Geographical coverage: UK

Geographical breakdown: Country

  • The Consumer Prices Index (CPI) annual inflation stands at 2.5 per cent in August 2012, down from 2.6 per cent in July. The largest downward pressures behind the change in the CPI rate came from furniture, household equipment & maintenance, housing & household services (particularly domestic gas) and clothing & footwear. These were partially offset by an upward pressure from transport (particularly motor fuels). The CPI stands at 123.1 in August 2012 based on 2005=100.

  • The Retail Prices Index (RPI) annual inflation stands at 2.9 per cent in August 2012, down from 3.2 per cent in July. The largest downward pressures came from household goods, clothing & footwear and food. The only significant upward pressure came from fares & other travel costs. The RPI stands at 243.0 in August 2012 based on January 1987=100.

The Consumer Price Indices dataset contains percentage changes and weights for the Consumer Prices Index (CPI), Retail Prices Index (RPI) and the components that make up these indices. Internationally, the CPI is known as the Harmonised Index of Consumer Prices (HICP).

CPI and RPI Reference Tables, August 2012: (1.27 Mb Excel sheet) This spreadsheet pulls together the numerous tables that were previously published in the old style Consumer Price Indices Statistical Bulletin and Focus on Consumer Prices publication. A correlation index is included to show the old and new naming conventions and where the tables were previously published for example: RPI All items 1947-2011 or RP02 & Table 4.1 in Focus is now the new Table 20.

Personal Inflation Calculator (PIC): This interactive application allows you to enter your own spending patterns to generate a personal inflation figure. (Note - requires an SVG-enabled web browser, such as Firefox, Safari or Chrome). Further information on the PIC, including how the calculator works and how to calculate your personal inflation rate, can be found in the article The Personal Inflation Calculator (476.1 Kb Pdf) .

Further information on the CPI and RPI: Includes details of the methodology used to construct the indices, brief and quick guides to inflation and articles on various aspects of the CPI and RPI.

Consumer Prices Advisory Committee (CPAC) Homepage: This page contains links to CPAC papers covering a range of topical consumer price statistics research including the inclusion of owner occupiers' housing costs into the CPI.

Reflecting owner occupiers’ housing costs in a new additional measure of consumer price inflation: At its 30 April 2012 meeting, the Consumer Prices Advisory Committee (CPAC) recommended the rental equivalence method for reflecting owner occupiers’ housing costs in a new additional measure of consumer price inflation. The subsequent public consultation closed on 31 August. A formal summary of responses to this consultation will be published within the next three months.

These National Statistics are produced to high professional standards and released according to the arrangements approved by the UK Statistics Authority.

Content from the Office for National Statistics.
© Crown Copyright applies unless otherwise stated.