Restaurants And Hotels Made The Largest Contribution To The Annual CPI Rate

22nd May 2024

Figure 12 shows the extent to which the distinct categories of goods and services have contributed to the overall annual CPI inflation rate over the last two years.

The CPIH includes extra housing components not included in the CPI. This can result in the largest contributions to the annual CPI and CPIH inflation rates coming from different divisions.

In April 2024, the largest-contributing division was the same, namely restaurants and hotels (0.85 percentage point contribution to the CPI rate) but housing and household services made a large negative contribution to CPI compared with a large positive contribution to CPIH.

Read the full ONS report HERE