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For additional information relating to this article, please contact:

Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email: thomas.storring@novascotia.ca

November 13, 2019
UK CONSUMER PRICE INDEX, OCTOBER 2019

In October 2019, the UK Consumer Price Index including owner-occupiers' housing costs (CPIH) rose by 1.5 per cent from October 2018.  This is down from 1.7 per cent in September and August. The largest upward contribution continued to be from housing and household services, although this contribution has fallen since May as a result of fluctuating contributions from electricity, gas and other fuels. There was also large upward contribution from restaurants and hotels.

Year-over-year growth in the Consumer Price Index excluding owner occupiers' housing costs (CPI) was 1.5 per cent, down from 1.7 per cent in August 2019. 

UK inflation has been more volatile than inflation in Canada.  In 2017 and 2018, prices in the UK rose substantially faster than those in Canada, but through most of 2018, price growth was similar for the two countries. In 2019, inflation in the UK has slowed from the pace observed in the previous two years.

Sources: United Kingdom Office for National Statistics Statistical bulletin, Annual growth - CPIAnnual growth - CPIH

Statistics Canada.  Table  18-10-0004-01   Consumer Price Index, monthly, not seasonally adjusted



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