CPI is the official measure of inflation.
RPI is a previous measure which includes mortgage interest costs
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
UK inflation is currently lower than the EU average of 3.3%
- Definition of Inflation
- Difference between CPI, RPI and RPIX inflation
- Which inflation measure should we use?
More on Inflation