September 2019’s Inflation Rate Matters On 16 October 2019, the Office for National Statistics (ONS) announced the Consumer Prices Index (CPI) figure for the year to September 2019 as 1.7%, unchanged from August 2019. We use this information to make the website work as well as possible and improve our services. The size of the contribution to the CPIH 12-month inflation rate from housing and household services has fallen since May 2019 as a result of smaller contributions from electricity, gas and other fuels. There was a further large downward contribution from second-hand cars, where prices fell by 1.4% between August and September compared with a rise of 1.4% a year ago.Within the transport division, transport services had no contribution to change in the CPIH 12-month inflation rate.
However, the large upward contribution from sea fares, which fell in price between August and September 2019 but by less than a year ago, was entirely offset by air fares, whose seasonal price fall between August and September was larger this year than in 2018, and, to a lesser extent, international rail fares.Domestic fuels provided a further large downward contribution in September 2019 despite prices being little changed since April 2019, under Ofgem’s energy price cap. In April 2019, the Office of Gas and Electricity Markets (Ofgem) changed the energy price cap, which meant that energy prices have changed little since April 2019 but rose during the corresponding months of 2018.There was also a large upward contribution to the CPIH 12-month inflation rate from restaurants and hotels, where prices rose in the year to September 2019 by 3.2%.The contribution from transport has fallen since April 2019 meaning it no longer provides one of the larger contributions to the CPIH 12-month inflation rate. The Consumer Price Index for United Kingdom is 109.1 for the month of July 2020.The inflation rate year over year is 1.1% (compared to 0.6% for the previous month). These were partially offset by downward movements across data processing equipment (including computers and their associated software and peripherals), where prices overall fell by 4.4% between August and September this year but rose by 1.5% between the same two months a year ago.Figure 4 shows the contribution of OOH and Council Tax to the CPIH inflation rate in the context of wider housing-related costs. It was the highest inflation rate since September of 2016, as prices advanced faster for both food (17.5 percent vs 17 percent in April) and non-food products (15.5 percent vs 14.2 percent). The continued depreciation of the kwacha which accelerated sharply following the coronavirus outbreak also has been pushing prices higher. Within the group, which contributed 0.52 percentage points to the overall rate, the largest contributions were from owner occupiers’ housing costs (a 0.18 percentage point contribution); electricity, gas and other fuels (a 0.13 percentage point contribution); and Council Tax and rates (a 0.12 percentage point contribution). 16 September 2020. Further electricity and gas price rises in summer and autumn 2018 increased their contribution to the CPIH 12-month inflation rate. There was a downward contribution from motor fuels, where petrol prices fell by 1.0 pence per litre between August and September 2019 to stand at 127.3 pence per litre while diesel prices fell to 131.8 pence per litre – a fall of 0.8 pence per litre. Except for a small upward contribution in July 2019, clothing and footwear has continued to have a negative effect on the CPIH 12-month inflation rate since September 2018.Figure 3 shows how each of the main groups of goods and services contributed to the change in the CPIH 12-month inflation rate between August and September 2019.
The contribution from OOH had been on a downward trend from a high in October 2016.