Housing And Household Services, Particularly Gas And Electricity, Led The Downward Contributions To The Change In Annual CPI Inflation

22nd May 2024

Housing and household services, particularly gas and electricity, led the downward contributions to the change in annual CPI inflation.

Figure 11 shows how each of the main groups of goods and services contributed to the change in the annual CPI inflation rate between March and April 2024.

The easing in the rate into April 2024 was driven by downward contributions from six divisions, partially offset by small upward contributions from two divisions. The largest downward contributions came from housing and household services, alcohol and tobacco, food and non-alcoholic beverages, recreation and culture, and communication. The smaller, partially offsetting, upward contributions were from restaurants and hotels, and miscellaneous goods and services.

Although the sizes of the contributions differ from CPIH, the main drivers to the change are the same where they are common to both measures.

Read the full ONS report HERE