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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

May 20, 2020
UK CONSUMER PRICE INDEX, APRIL 2020

The UK Office for National Statistics (ONS) reported today that in April 2020, 90 items of Consumer Price Index including owner-occupiers' housing costs (CPIH) (or 16.3 per cent of the CPIH basket by weight) were unavailable to consumers in the UK due to COVID-19 pandemic compared with February 2020 Index.

In April 2020, the CPIH rose by 0.9 per cent from the same month in 2019, lower than last month increase of 1.5 per cent.  The largest upward contribution this month came from recreation and culture while there were notable downward contributions in April year-over-year inflation from energy and fuel pump. Year-over-year growth in the Consumer Price Index excluding owner occupiers' housing costs (CPI) was 0.8 per cent. 

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.  From August 2019 to February 2020, UK inflation has slowed, falling below the pace of price growth observed in Canada. In April 2020, inflation in Canada declined more sharply than UK.

 

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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