CPI is the official measure of inflation.
RPI is a previous measure which includes mortgage interest costs
Source: ONS
RPI inflation includes housing costs and mortgage interest payments. CPI inflation is considerably lower for much of this period. This affects people who have index linked benefits. It means there actual living costs may be going up by more than the index linked benefits.
Inflationary pressures are currently coming from:
- Road fuels, petrol diesal
- Wheat
- Commodities
UK inflation is currently lower than the EU average of 3.3%
Related
- Definition of Inflation
- Difference between CPI, RPI and RPIX inflation
- Which inflation measure should we use?
More on Inflation
I would love to know what the RPI is now in our current climate which is not feeling too good at this moment in time.
http://www.statistics.gov.uk/StatBase/tsdataset.asp?vlnk=229&More=N&All=Y should get you the latest RPI.
The ultra annoying aspect of the CPI indexing of private pensions is that the money goes not to the public purse, as with public sector pensions, but to private firms, even if they are not underfunded (and many no longer are). This means money you have already earned (pensions are deferred earnings) is being taken from you and given back to your (ex)employers.However it is fair that the private sector should face the same privations as the public sector. However it should be taken from the firms as tax and put towards reduction of national debt.
Nice article, very informative.
I’ve tried google but i’m finding it difficult to find the latest by month
Does anyone know where I can get the latest RPI for August 2008?