In March 2019, the UK Consumer Price Index including owner-occupiers' housing costs (CPIH) rose by 1.8 per cent compared with March 2018.  Year-over-year inflation was unchanged from February 2019.  The largest upward contributions came from housing and household services, transport, and recreation and culture. A downward contribution came from clothing and footwear.

Year-over-year growth in the Consumer Price Index excluding owner occupiers' housing costs (CPI) was 1.9 per cent, unchanged compared to the rate in February 2019. 

UK inflation has been more volatile than prices in Canada.  Over the last couple of years, UK prices rose substantially faster than those in Canada, but since early 2018, growth has been similar for the two countries. Nova Scotia's CPI growth has recently dropped lower than in the UK. 

Note: The UK has recently expanded the commentary on the consumer price index to include owner occupiers' housing costs (CPIH).  This includes the costs associated with owning, maintaining and living in one’s own home, known as owner occupiers’ housing costs (OOH), along with Council Tax. Both of these are significant expenses for many households and are not included in the more narrow Consumer Price Index (CPI). CPIH was re-designated as a National Statistics on 31 July 2017.  More information on the CPIH can be found here.

Source: United Kingdom Office for National Statistics Statistical bulletin, Statistics Canada table 18-10-0004-01