Consumer Price Inflation, August 2014

17th September 2014

The Consumer Prices Index (CPI) grew by 1.5% in the year to August 2014, down from 1.6% in July.

Falls in the prices of motor fuels and food & non-alcoholic drinks provided the largest downward contributions to the change in the rate.

The largest, partially offsetting, upward effects came from clothing, transport services and alcohol.
CPIH (not a National Statistic) grew by 1.5% in the year to August 2014, unchanged from July. RPIJ grew by 1.8%, also unchanged from July.

The National Statistics status of CPIH has been discontinued pending work by ONS to investigate and improve the method for measuring owner occupiers' housing costs in this index.

Full details can be found on the UK Statistics Authority website and an explanatory note on the ONS website.
http://www.ons.gov.uk/ons/rel/cpi/consumer-price-indices/august-2014/stb---consumer-price-indices---august-2014.html