Inflation: Key Economic Indicators

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 2.5% in June 2021, up from 2.1% in May 2021.

The RPI inflation rate was 3.9% in June 2021, up from 3.3% in May 2021. 

Upward contributions from transport, restaurants and hotels, food and non-alcoholic beverages, and clothing and footwear lead to a rise in the headline inflation rate.