Underlying Inflation Picks Up as CPI Inflation Falls

Underlying Inflation Reflects Inflationary Pressure

CPI Reflects Lower Fuel Prices

CPI Inflation Stabilises

CPI Inflation accelerated in new year as expected

The consumer price index inflation rate declined to 1.3 per cent in the year to December 2019, as per data released by the ONS. Our new analysis of 129,516 locally-collected goods and services indicate that inflation in the restaurants and hotels and clothing and footwear categories decreased in the twelve months to December 2019. Consumers have also benefitted from lower inflation on food and non-alcoholic beverages during the festive season. Underlying inflation, which excludes the most extreme price changes, grew at 0.8 per cent in December, down from 1 percent in November.

Change to Energy Price Caps Impacts Inflation