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Tuesday, March 22, 2016

CPI Unchanged at 0.3%

As per the ONS the Consumer Prices Index (CPI) rose by 0.3% in the year to February 2016, unchanged from January 2016.

The largest downward contribution came from the transport sector, from price changes for items such as road passenger transport, second-hand cars and bicycles.

Rising food prices, particularly for vegetables, offset this.

Whilst this appears to be all very well and good ans table, it is worth remembering tat house price inflation (excluded from the above measure of inflation) stands at 6.7%.

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