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Release: Consumer Price Indices, May 2012

Released: 19 June 2012 Next edition: 17 July 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

  • CPI annual inflation stands at 2.8 per cent in May 2012, down from 3.0 per cent in April.

    The largest downward pressures to the change in CPI annual inflation came from motor fuels and food & non-alcoholic beverages. The largest upward pressures to the change in CPI annual inflation came from air and sea transport, where the timing of Easter had a significant impact on the April to May movement. The CPI stands at 122.8 in May 2012 based on 2005=100. 

  • RPI annual inflation stands at 3.1 per cent in May 2012, down from 3.5 per cent in April.

    The largest downward pressures to this change came from petrol & oil and food. Partially offsetting these was an upward pressure from other travel costs which includes air transport. The RPI stands at 242.4 in May 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).

Detailed CPI and RPI Reference Tables, May 2012 (1.33 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.

Time series data: Downloadable data sets for CPI and RPI (including equivalent datas sets equivalent to RP01, RP02, RP04, RP05, RP07 & RP50).

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 (476.1 Kb Pdf) 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.

Public consultation on the recommended method of reflecting owner occupiers' housing costs in a new additional measure of consumer price inflation; and the strategy for Consumer Price statistics: 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.  ONS welcomes views on this recommendation and its strategy for consumer price statistics, with the public consultation closing on 31 August 2012.

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.