Inflation

Key Points

Consumer Prices Index (CPI)

• Inflation as measured by Consumer price index stands at 3.2% for March 2024
  
  
• The category 'Restaurants and Hotels' exhibits the biggest increase, having risen 10.1% compared with 12 months ago.  'Wine & Spirits on sales' (wines and spirits sold on licensed premises) has seen the biggest increase in this category (20.7%)
  
  
• The second biggest increase is 'Housing, Water, Electricity, Gas, & Other Fuels', having risen 9.5% compared with 12 months ago. 'Electricity' has seen the biggest increase in this category (34.8%)
  
  
• The third biggest contributor to the rate of inflation was 'Alcoholic Beverages & Tobacco', which shows a rise of 8.4%. 'Tobacco' saw the largest rise (10.3%) in this category
  
  
• Note that although 'Bus and Coach Fares' shows a rise of 11.4% over the past 12 months, this is due to the capped fare scheme ending in April 2023