Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Tuesday, February 13, 2018

Inflation Steady at 3%, or 2.7%, Depending On Your Preference

As per the ONS:
  • The Consumer Prices Index including owner occupiers’ housing costs (CPIH) 12-month inflation rate was 2.7% in January 2018, unchanged from December 2017.
  • The largest downward contribution to change in the rate came from prices for motor fuels, which rose by less than they did a year ago.
  • The main upward effect came from prices for a range of recreational and cultural goods and services, in particular, admissions to attractions such as zoos and gardens, for which prices fell by less than they did a year ago.
  • The Consumer Prices Index (CPI) 12-month rate was 3.0% in January 2018, unchanged from December 2017.
  • From April 2018, publication of these figures will move from Tuesday to Wednesday; the new release dates are available.

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