The Economics and Statistics Division maintains archives of previous publications for accountability purposes, but makes no updates to keep these documents current with the latest data revisions from Statistics Canada. As a result, information in older documents may not be accurate. Please exercise caution when referring to older documents. For the latest information and historical data, please contact the individual listed to the right.
<--- Return to Archive
For additional information relating to this article, please contact:
August 14, 2024UK CONSUMER PRICE INDEX, JULY 2024 
UK Consumer Price Index including owner-occupiers' housing costs (CPIH) increased 3.1% year-over-year in July 2024, up from May and June (2.8% in both months). This is down from the recent peak in October 2022 (9.6%, the highest in 40 years).
The 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 2.2% in July 2024, up from 2.0% in May and June and down from the most recent peak in CPI that occurred in October 2022 (11.1%).
Largest upward contribution to inflation came from housing and household services as a result of slow decline in prices for gas and electricity. The largest downward contribution came from restaurants and hotels that fell in prices this year compared to an increase last year.
Sources: United Kingdom Office for National Statistics Statistical bulletin
Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted
Note: Canada and Nova Scotia July 2024 CPI figures will be released on August 20, 2024.
<--- Return to Archive
