Documents to download

The Consumer Prices Index (CPI) is the main measure of inflation. It is produced in line with international standards and is the measure used for the Bank of England’s 2% inflation target. The Retail Prices Index (RPI) is no longer classified as a National Statistic as the way it is calculated does not meet international standards. It is included here as it is well-known and is the longest running measure of inflation.

The CPI inflation rate was 0.7% in January 2021, up from 0.6% in December 2020.

The RPI inflation rate was 1.4% in January 2021, up from 1.2% in December. 

The largest contributions to the CPI rate came from recreation and culture. Falling clothing and footwear prices made the largest downward contributions. 

 


Documents to download

Related posts