High inflation falls to more typical levels by 2024 Like the Retail Price Index, the Consumer Price Index inflation rate also reached a recent peak in October 2022. In that month, prices were rising by 11.1 percent and did not fall below double figures until April 2023. This fall was largel...
From 2021 onwards, prices in the UK rose rapidly, with the RPI inflation rate peaking at 14.2 percent in October 2022. Although inflation fell in subsequent months, it wasn't until July 2023 that inflation fell below double digits, and as of late 2024, the RPI rate was still above three...
The Office for National Statistics said inflation fell to 7.9% last month, down from 8.7% in May and its lowest rate since March 2022. By Holly Williams, PA Business EditorJuly 19, 2023 at 11:00am BST Broadband firms asked to ‘urgently’ cancel price hikes for vulnerable customers Million...
Due to the varying inputs to both indexes, the inflation rate calculations differ significantly. In May 2023, the CPI was 8.7%, and the RPI was 11.4%. The ONS in the U.K. lists the RPI as "not a national statistic."1 The Bottom Line The Retail Price Index (RPI) is calculated and...
inflation, it behoves business leaders to keep track of both the RPI and CPI. Both are used to track inflation using slightly different data. As such, RPI tends to calculate a higher rate of inflation than the CPI. For instance, in May 2023 the RPI was 11.4% while the CPI was 8.7%....
Including “Rent” as the housing in CPI makes its basket of goods different than RPI, which uses mortgage interest rate costs, insurance or council tax, etc., while considering the housing cost in the inflation. CPI vs RPI Comparison Table ...