Tuesday, December 12, 2017

ONS releases - Prices economic commentary, Producer price inflation, UK consumer price inflation, and understanding local economies using interactive visualisations

Logo

View in browser

12 December 2017

Economy

Prices economic commentary: December 2017

The 12-month growth rate for the Consumer Prices Index including owner occupiers' housing costs (CPIH) has remained flat at 2.8% for the third consecutive month, while the growth rate for the Consumer Prices Index (CPI) – which does not include owner occupiers' housing costs – has risen slightly to 3.1%.
The 12-month growth rate for the input Producer Price Index has risen to 7.3%, from 4.8% in October 2017; recent increases have been driven by an increasing contribution from crude oil.
The London property market has continued to grow at a slower rate in comparison with the UK as a whole since mid-2015, with transactions for both remaining relatively flat since May 2016.

Producer price inflation, UK: November 2017

The headline rate of inflation for goods leaving the factory gate (output prices) rose 3.0% on the year to November 2017, up from 2.8% in October 2017.
Prices for materials and fuels (input prices) rose 7.3% on the year to November 2017, up from 4.8% in October 2017.
All industries provided upward contributions to both input and output annual inflation; the largest contributors to the change in the annual rates were crude oil and petroleum products respectively.
Core input inflation was 4.6% on the year to November 2017, up from 3.4% in October 2017.

UK consumer price inflation: November 2017

The Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate was 2.8% in November 2017, unchanged from October 2017.
The Consumer Prices Index (CPI) 12-month rate was 3.1% in November 2017, up from 3.0% in October 2017; it was last higher in March 2012.
The largest upward contribution to change in both the CPIH and CPI rates came from air fares which fell between October and November but by less than a year ago.
Rising prices for a range of recreational and cultural goods and services, most notably computer games, also had an upward effect.
Falling prices in the miscellaneous goods and services category (covering products such as travel goods and financial services) provided the largest offsetting downward contribution.

Index of Private Housing Rental Prices, Great Britain: November 2017

Private rental prices paid by tenants in Great Britain rose by 1.4% in the 12 months to November 2017; this is down from 1.5% in October 2017.
In England, private rental prices grew by 1.4%, Wales also saw growth of 1.4% while Scotland saw rental prices increase by 0.2% in the 12 months to November 2017.
London private rental prices grew by 0.6% in the 12 months to November 2017, that is, 0.8 percentage points below the Great Britain 12-month growth rate.

Understanding the different approaches of measuring owner occupiers housing costs: July to September 2017

Owner occupiers' housing costs (OOH) in the UK under the rental equivalence approach have grown by 1.9% in Quarter 3 (July to Sept) 2017 compared with the corresponding quarter of the previous year.
OOH according to the net acquisitions approach have grown by 3.9% in Quarter 3 2017 compared with the corresponding quarter of the previous year.
OOH compiled using the payments approach experienced growth of 0.8% in Quarter 3 2017 compared with the corresponding quarter of the previous year.


People, population and community

Deaths registered in England and Wales, provisional: week ending 1 December 2017

Weekly death figures provide provisional counts of the number of deaths registered in England and Wales in the latest weeks for which data are available.


Data Science Campus

Big fish, little fish – understanding local economies using interactive visualisations

To explore how insight can be gained from sensitive local data, ONS has developed a visualisation tool, which combines ONS, Companies House and the Marine Management Organisation data to explore the fishing industry in the UK.
Chosen as a case study to support a wider project by the Department for the Environment, Food and Rural Affairs, these visualisations can be used to understand more about the fishing industry.
The visualisation enable users to compare fishing levels in ports, see the value of landings split by the nationality of vessels and more.
Steven Hopkins, a Data Scientist for the ONS's Data Science Campus explains in more detail.

Read the article

Visit the National Statistical blog to see the many ways ONS is working to give the UK better statistics for better decisions.

Visit National Statistical

Our digital team regularly write about our approach and progress to the website and social media.

Visit our Digital Blog

Find out how our Data Science Campus is exploring how sources such as administrative data & social data, and techniques such as machine learning and natural language processing, can improve our understanding of the UK's economy, communities & people.

Visit the Data Science Campus Blog

local map from website

Looking for local statistics?

A handy guide to let you know where to find local statistics.

Census logo

Census

Discover how our census statistics help paint a picture of the nation and how we live.

visual promo image

Visual.ONS

Visual.ONS is a website exploring new approaches to making ONS statistics accessible and relevant to a wide public audience.


This email was sent using GovDelivery Communications Cloud on behalf of: Office for National Statistics · Room 1.101 · Government Buildings · Cardiff Road · Newport · South Wales · NP10 8XG · 0845 601 3034 GovDelivery logo

No comments:

Post a Comment