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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

July 15, 2020
UK CONSUMER PRICE INDEX, JUNE 2020

In June 2020, the CPIH rose by 0.8 per cent from the same month in 2019, up from the 0.7 per cent year-over-year increase last month. Rising prices for recreation and cultural goods, games, and clothing had the largest upward contributions to the change in the 12 month inflation rate between May and June. Falling prices for food had a downward contribution to the inflation rate. Year-over-year growth in the Consumer Price Index excluding owner occupiers' housing costs (CPI) was 0.6 per cent. 

The UK Office for National Statistics (ONS) reported that for June 2020, 67 items of Consumer Price Index including owner-occupiers' housing costs (CPIH) (or 13.5 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. This was down from 74 unavailable items in May and 90 in April.

The UK inflation rate has declined in recent years, from a period in 2017 when it was over 2.5 per cent to around 1.5 per cent at the end of 2019. In 2020, inflation in the UK has fallen further, but to a lesser extent than the decline for inflation in Canada.

 

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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