Tuesday, March 20, 2018

Prices Day

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20 March 2018

Economy

Prices Day

Commenting on today's inflation figures, ONS Head of CPI Phil Gooding said:

"A small fall in petrol prices alongside food prices rising more slowly than last year helped pull down inflation, as many of the early 2017 price increases due to the previous depreciation of the pound have started to work through the system.

"Hotel prices also fell and the cost of ferry tickets rose more slowly than last year, when prices were collected on Valentine's Day when many people could have been taking mini-breaks.

"There were some signs of slowing price rises in the cost of products leaving factories, with food and petroleum products prices falling. Inflation of raw materials is also slowing down following high annual inflation in 2017, with prices of crude oil lower than in January.  

"House price growth remained steady, with prices increasing strongly across much of the country, although London and the north east are both lagging behind."

The Prices economic commentary

The Consumer price inflation

The UK House Price Index

The Index of Private Housing Rental Prices

Producer Price Inflation

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