What was 2011 inflation rate

Print this Statistical bulletin. Download as PDF. The largest contribution to the CPIH month inflation rate came from recreation and culture 0. Furniture and household goods, restaurants and hotels, food, and transport had the largest upward contributions to the change in the January month rate, while falling clothing and footwear prices had a downward effect.

On a monthly basis, the CPIH fell by 0. More about economy, business and jobs. Figure 2: Increased contributions notably from four divisions led to inflation rise Contributions to the CPIH month inflation rate, UK, January to January Source: Office for National Statistics — Consumer price inflation Notes: Individual contributions may not sum to the total because of rounding. More information on the contents of each group can be found in Table 3 in the accompanying Consumer price inflation dataset.

Download this chart Figure 2: Increased contributions notably from four divisions led to inflation rise Image.

There were notable increases in the contributions to the month inflation rate from four broad groups between December and January The largest increase was to the furniture, household equipment and routine maintenance group, where the contribution increased from a downward contribution to the month inflation rate of 0.

The contribution from this grouping has alternated between having upward or downward contributions on the month inflation rate over the last year. There were further large increases in the contributions to the month inflation rate from restaurants and hotels, food and non-alcoholic beverages, and transport.

Since April , the largest overall contribution to the month inflation rate has come from recreation and culture. The contribution from this group increased between March and April to stand at 0. The contribution from recreation and culture has fluctuated since April , mainly because of price movements for computer games and consoles both in and the equivalent months in For January , the contribution from recreation and culture remained unchanged from December , at 0.

This was the joint-highest level since February Despite the contribution from transport showing more variation than any other group over the last two years, its contribution was comparatively stable between September and November , with the month inflation rate for the group at or just above 1. However, two months of increasing growth 1. The contribution from clothing and footwear to the headline rate has mostly been negative over the last two years. Within the year, prices normally follow a clear seasonal pattern, rising over the period from January to May, then falling between May and July as items are placed on sale in preparation for the arrival of autumn product ranges.

Prices then tend to rise until further sales in December and January. Throughout , we have seen clothing and footwear prices follow a different pattern compared with previous years.

We recorded increased discounting during March and April , probably in response to the lockdown, then prices were relatively stable compared with previous years to August Between August and October , prices broadly increased as usual, but this has been followed by a fall between October and November , because of notable sales in November as many areas went into lockdown. Despite clothing prices rising slightly in December , prices fell by 4. This meant the downward contribution to the CPIH month inflation rate from the clothing and footwear group increased in magnitude to 0.

The largest upward contribution of 0. Prices overall fell by 1. The upward contributions came from across the division with the largest of 0.

There were smaller upward contributions across the household textiles; household appliances, fitting and repairs; and glassware, tableware and household utensils groups, with the only standout movements coming from fitted sheets and duvets. Restaurants and hotels made the second-largest upward contribution of 0.

Prices, overall, were estimated to have risen by 0. Within this group, there was a large upward effect of 0. As a result of the national lockdowns being in place during January , many of the items in the restaurants and hotels category were unavailable to consumers in January and therefore the price movements have been imputed using the all-items CPI monthly and annual growth rates for available items as outlined in Coronavirus and the effects on UK prices.

There was also a large upward contribution of 0. The effect comprised small movements from a variety of product groups, with the largest upward contributions coming from vegetables 0. Overall prices for vegetables, in particular for premium potato crisps and cauliflowers which were heavily discounted in December , rose between December and January , while they were unchanged between December and January With oils and fats, prices overall fell by 8.

The January price collection was completed on or around 12 January so some of the uncertainty in price quotes at the start of the year had settled down. However, there was a 1. The largest price increases were for frozen fish fingers and prawns, and fresh salmon fillets. There were small upward contributions from transport services of 0. CPI inflation The Netherlands CPI inflation Turkey CPI inflation United States CPI inflation This website contains current data about inflation.

In order to be able to show this data, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here. Inflation by country - quick links. Inflation Belgium. Inflation Japan. Inflation Brazil. Inflation Mexico. Inflation Canada. Inflation Poland. Inflation China. Inflation Russia. In that month inflation also hit 5. The ONS said that gas, electricity and fuel prices were the biggest factors in the rise.

Overall, prices in the economy rose 0. Economists said that while September's number was higher than most had expected, it was likely to be the peak.

The pickup in inflation contrasts with slow wage growth for workers, meaning their disposable incomes are continuing to shrink. That's the same as America, and a lot more than the eurozone economies, who grew by 5. The cash value of the Japanese economy has actually shrunk in that period, by 2.

But when you strip out inflation, only Japan has grown more slowly than the UK since we have seen just 2. Overall growth in GDP has not been the problem - it's the composition that has been lousy. The Bank would say that's not its problem. It's the crisis - and rising commodity prices and VAT - that has caused the squeeze in real incomes and growth. Pushing down inflation artificially would only have made that squeeze more painful. But some, like Richard Jeffrey at Cazenove, think the causation runs at least partly the other way; growth has been slow, because incomes are being squeezed and households have less and less to spend.

But in real terms, spending has barely risen at all - the level of spending is just 0. The argument over the Bank of England's strategy will not end here - but the relentless rise in inflation should.