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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 March 2021, up from 0.4% in February 2021.

The RPI inflation rate was 1.5% in March 2021, up from 1.4% in February 2021. 

The largest contribution to the CPI rate came from transport. Rising clothing and road fuel prices made the largest upward contributions. 

 


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