Economy Growth in the Consumer Prices Index including owner occupiers' housing costs (CPIH) fell slightly to 2.7% in the 12 months to December 2017, while the growth rate of the price of goods leaving the factory gate rose to 3.3%. Oil prices were the biggest driver of change in input producer price inflation (PPI) over 2017, with the majority of the 12-month growth rate being affected by base effects.
Consumer prices in the UK are still growing more quickly than those in France, Germany and the EU as a whole in 2017.
The London housing market continued to weaken in 2017, with growth rates in both house prices and rental prices remaining below those for the rest of Great Britain. Prices economic commentary UK consumer price inflation: December 2017 Producer price inflation, UK: December 2017 UK house price index: Nov 2017 Index of Private Housing Rental Prices, Great Britain: December 2017 | 
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