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Thomas StorringDirector – Economics and Statistics
Tel: 902-424-2410Email:

May 24, 2023

UK Consumer Price Index including owner-occupiers' housing costs (CPIH) increased 7.8% year-over-year in April 2023, down from 8.9% in March 2023, and down from the recent peak in October 2022 (9.6%, the highest in 40 years). 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 8.7% in April 2023, down from 10.1% in March 2023, and down from the most recent peak in CPI that occurred in October 2022 (11.1%). 

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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