UK CPI inflation holds steady at 4.5% - AAD Consumer Forum

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5corpio started a blog post UK CPI inflation holds steady at 4.5%
14 June 2011, 08:57

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UK CPI inflation holds steady at 4.5%

UK CPI inflation holds steady at 4.5%

Originally posted by 5corpio

The UK Consumer Prices Index (CPI) annual rate of inflation held steady in May at 4.5%.

The Retail Prices Index (RPI) measure of inflation - which includes mortgage interest payments - was also unchanged at 5.2%, according to the Office for National Statistics (ONS).

Fuel and food prices continued to be the main contributors, with both components up 1.3% from April.

Air transport costs fell sharply in the month as Easter peak fares ended.
However, over the course of the past 12 months, alcoholic beverages and tobacco recorded a 9.8% increase - the highest year-on-year rise on record - thanks in part to the VAT rise.

Fuel prices also accelerated, up 13.7% compared with a.........Click HERE to read more on this story
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