May 19, 2022
According to England’s ONS (Office of National Statistics) the Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose to 7.8% as at April 2022 while the Consumer Prices Index (CPI) rose to 9.0%. CPIH & CPI in March 2022 was 6.2% & 7% respectively.
Since April 2021, the largest upward contributions to the annual CPIH inflation rate came from a 2.76% increase in the division ‘housing and household services’ (principally from increases in electricity, gas and other fuels and owner occupiers’ housing costs) and a 1.47% increase in transport (principally from motor fuels and second-hand cars).
On a monthly basis, CPIH rose by 2.1% in April 2022, compared with a rise of 0.7% in April 2021.
Since March 2022, the largest upward contributions to the change in the CPIH inflation rate also comes from housing and household services (1.27%), restaurants, hotels (0.11%), and recreation and culture (0.10%). The increase was partially offset from a 0.09% reduction in the prices within the division ‘clothing and footwear’.
On a monthly basis, CPIH rose by 2.1% and CPI rose by 2.5% in April 2022, compared to a rise of 0.9% & 1.1% in March 2022.
The increase in CPI & CPIH is the highest recorded 12-month inflation rate in the National Statistics series since April 1991, when it stood at 8.0%.
Figure 1: Historic CPI/CPIH
Figure 2: CPI/CPIH Basket
Source: ONS
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