Statistical bulletin: Consumer Price Inflation, July 2014

• Key points
• A brief description of Consumer Price Inflation
• Consumer Prices Index (CPI)
• Consumer Prices Index (CPI): What are the main movements?
• CPIH
• Retail Prices Index (RPI) and RPIJ
• Guide to data
• Background notes
• Statistical contacts

Abstract

• The Consumer Prices Index (CPI) grew by 1.6% in the year to July 2014, down from 1.9% in June.
• Falls in clothing prices provided the largest contribution to the fall in the rate. Other large downward effects came from the alcohol, financial services and food product groups.
• The largest, partially offsetting, upward effect came from the transport group.
• CPIH (not a National Statistic) grew by 1.5% in the year to July 2014, down from 1.8% in June. RPIJ grew by 1.8%, down from 2.0% in June.
• The National Statistics status of CPIH has been discontinued pending work by ONS to investigate and improve the method for measuring owner occupiers’ housing costs in this index. Full details can be found on the UK Statistics Authority website and an explanatory note on the ONS website.

Source: Office for National Statistics licensed under the Open Government Licence v.1.0.