The rate of increase in prices for goods and services. Measures of inflation and prices include consumer price inflation, producer price inflation, the house price index, index of private housing rental prices, and construction output price indices.
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.2% in October 2018, unchanged from September 2018.
The large downward contributions to the change in the 12-month rate from food and non-alcoholic beverages, clothing and footwear, and some transport elements were offset by upward contributions from rising petrol, diesel and domestic gas prices.
Other smaller upward contributions came from items in the miscellaneous goods and services, recreation and culture, and communication sectors.
Price quote data and item indices that underpin consumer price inflation statistics are now published, giving users unprecedented access to the detailed data that is used in the construction of the UK's inflation figures. With effect from January 2017 Consumer price inflation publication, these data are published on a monthly basis showing the latest month.