Covid-19 Coronavirus

Inflation

Key Points

Consumer Prices Index (CPI)

Inflation as measured by Consumer price index stands at 4.4% for October 2021, down from 5.0% in September 2021. 

Transport, Housing, water, electricity, gas and other fuels continue to be the two biggest contributors to the increase in the rate of inflation. Each contributes to a 3.2%, and 0.7% increase in the overall 12-month rate respectively. All items within Transport category experienced an increase in prices. Air travel experienced the biggest increase in prices (48.8%), followed by petrol and oil (19.9%). Within Housing, water, electricity, gas and other fuels, oils and other fuels experienced the biggest increase in prices (57.9%) compared to same month last year.

Furniture, household equipment and maintenance is the third biggest contributor to the increase in rate of inflation, contributing to a 0.6% increase in the overall 12-month rate. Within Furniture, household equipment and maintenance, other household equipment experienced the biggest increase (17.9%).

Economic Affairs Division

Cabinet Office

Government Offices

Bucks Road

Douglas

IM1 3PN.

Telephone:+44 1624 685752

Email:Send Email

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