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October 16, 2024UK CONSUMER PRICE INDEX, SEPTEMBER 2024 
UK Consumer Price Index including owner-occupiers' housing costs (CPIH) increased 2.6% year-over-year in September 2024. This is down from the recent peak in October 2022 (9.6%, the highest in 40 years).
The owner occupiers' housing costs component accounts for 16% of the CPIH. It is the main driver for differences between the CPIH and CPI inflation rates. This makes CPIH the UK’s most comprehensive measure of inflation.
Year-over-year growth in the UK Consumer Price Index (CPI) was 1.7% in September 2024, down from the most recent peak in CPI that occurred in October 2022 (11.1%).
The largest downward contribution came from transport with a largest offsetting contribution from food and non-alcoholic beverages.
Sources: United Kingdom Office for National Statistics Statistical bulletin
Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted
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