Inflation: Key Economic Indicators

Inflation: Data on both the CPI and RPI inflation indices.

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 0.6% in June 2020, up from 0.5% in May.

The RPI inflation rate was 1.1% in June 2020, up from 1.0% in May. 

Upward contributions to the CPI rate came largely from recreation and culture and clothing and footwear, partly offset by falls in the price of food, alcohol and restaurants and hotels.