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Release: Consumer Price Indices, December 2012

Released: 15 January 2013 Next edition: 12 February 2013

Contact

Richard Campbell

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 2.7% in December 2012, unchanged for the third month in a row. At a more detailed level, there were significant upward and downward pressures on the index

  • The largest upward pressure came from the price increases in gas and electricity bills

  • Air fares provided the largest downward pressure, with prices rising at a far slower rate than a year ago

  • The Retail Prices Index (RPI – see background note 1 in the Statistical Bulletin) annual inflation stands at 3.1% in December 2012, up from 3.0% in November. Utility bill increases were the largest contributor to the rise

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, December 2012: (909.5 Kb 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’ on the Labour and Market Review web page

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

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.