RPI

Inflation Figures Steady

After yesterday’s Factory Gate Inflation figures, CPI remains steady and RPI drops. CPI, the Consumer Price Index, remained at 2.1% from November. The Government inflation target is 2%. RPI, the Retail Price Index, actually dropped from 4.3% to 4% in December. Downward contributions to the Consumer Price Index were mainly from the fact that household bills like gas & electricity were not increased at the same rates as they were during the equivalent period 12 months previously and that kitchens and some furniture lines were being discounted, again lower than at the same time last year. Upward contributions to the CPI came from food and non-alcoholic beverage prices increasing; Cauliflowers, tomatoes, onions and cabbages in particular with bread & cereals, sugar, jam, confecti... »