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Release: Consumer Price Inflation, January 2014

Released: 18 February 2014 Next edition: 25 March 2014

Contact

Richard Campbell

Prices, ONS

cpi@ons.gsi.gov.uk

Telephone: +44 (0) 1633 456900 Recorded Message: +44 (0) 800 0113703

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

  • 1.9% growth in Consumer Prices Index (CPI) in the year to January 2014, down from 2.0% in December 2013.

  • The fall in the rate resulted from price movements for recreational goods & services, furniture & household goods and alcoholic beverages & tobacco. These were partially offset by price movements for miscellaneous goods & services.

  • 1.8% growth in CPIH in the year to January 2014, down from 1.9% in December 2013. RPIJ grew by 2.1%, up from 2.0% in December 2013.

The Retail Prices Index (not a National Statistic) grew by 2.8% in the year ending January 2014, up from 2.7% in December 2013.

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).

Consumer Price Inflation Reference Tables, January 2014: (1.3 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 1947-2013.

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.