Economic Buzz: UK Consumer Price Index Rise 8.6%

14 Sep 2022 , 02:57 PM

The Consumer Prices Index of UK including owner occupiers housing costs (CPIH) rose by 8.6% in the 12 months to August 2022, down from 8.8% in July, according to the data released by the Office for National Statistics. The largest upward contributions to the annual CPIH inflation rate in August 2022 came from housing and household services (principally from electricity, gas and other fuels, and owner occupiers housing costs), transport (principally motor fuels), and food and non-alcoholic beverages. On a monthly basis, CPIH rose by 0.5% in August 2022, compared with a rise of 0.6% in August 2021. The Consumer Prices Index (CPI) rose by 9.9% in the 12 months to August 2022, down from 10.1% in July. On a monthly basis, CPI rose by 0.5% in August 2022, compared with a rise of 0.7% in August 2021.Powered by Commodity Insights