published on Russia is one of the major gas supplier to Europe. Decisions are based on international statistical guidance and practical considerations. 04-Nov-2022. Consumer Prices Index (CPI) measure of inflation rose by 9.0% in the 12 months to April 2022, up from 7.0% in March CPI rose by 2.5% in April 2022, compared with a rise of 0.6% in April 2021 It would be the highest rate since records began in 1958, resulting from strong upside pressures in household energy & fuel, as well as in food & gastronomy and clothing. Average petrol prices stood at 165.9 pence per litre in May 2022, compared with 127.2 pence per litre a year earlier. Consumer Prices - Annual inflation. publi le 04/11/2022. Classification of Ukrainian refugees in national accounts; Classification of Ukrainian refugees and statistical recording Monthly Unemployment Rate. 19-Oct-2022. On a monthly basis, CPI rose by 0.7% in May 2022, compared with a rise of 0.6% in May 2021. 03-Nov-2022, Theme: It would be the highest rate since records began in 1958, resulting from strong upside pressures in household energy & fuel, as well as in food & gastronomy and clothing. Contributions from these three divisions accounted for 5.46 percentage points, which is nearly two-thirds of the annual CPIH inflation rate. publi le OOHs contribution to the CPIH annual inflation rate increased from 0.53 to 0.54 percentage points between April and May 2022, increasing the annual rate by 0.01 percentage points. A year earlier, the rate was 3.6%. Further information is available on the Eurostat website. This tool is already available and you should start using it as soon as possible. Higher interest rates bring investors closer to positive real after-inflation cash returns. This is the highest CPI 12-month inflation rate in the National Statistic series, which began in January 1997. endobj These contributions were 0.01 percentage points lower than the previous largest contribution of 0.65 percentage points, which occurred in August 2021. [] The baseline includes an initial assessment of the impact of the war on the euro area economy based on the information The three cases refer firstly to the Consumer Prices Index including owner occupiers housing costs (CPIH) as our lead measure of inflation based on economic principles. The next change to the Ofgem energy price cap is due in October 2022. These include fewer one-year-old cars coming to the market because of a fall in new car registrations a year earlier, and the extensions of lease contracts and fewer part exchanges caused again by delays in new-car supply. Their combined weight comprises 51.8% of the CPIH basket. Consumer price inflation item indices and price quotes Dataset | Released 14 September 2022 Price quote data (for locally collected items only) and item indices that underpin consumer price inflation statistics are published, giving users access to the detailed data that is used in the construction of the UK's inflation figures. The Consumer Prices Index (CPI) rose by 9.1% in the 12 months to May 2022, up from 9.0% in April. Un an auparavant, il tait de 3,4%. 08/11/2022. 13 0 obj stream Figure 4 shows the annual inflation rates for the Consumer Prices Index including owner occupiers housing costs (CPIH) all goods and all services series, together with CPIH excluding energy, food, alcohol and tobacco (often referred to as core CPIH). Collection: Euro-indicateurs The CPIH all services index rose by 5.1% in the 12 months to August 2022, up from 4.9% in July. In May 2021, the main upward contributions to the monthly rates came from clothing and footwear, and recreation and culture. It had announced a jumbo interest rate hike in order to attempt to curb inflation. While the coverage differs, the key drivers of the 12-month inflation rate are the same where they are common to both measures. We estimated a 2021 dataset by taking the most up to date HFCE data available (quarters 1 to 3, second estimate, available in Consumer trends, UK: July to September 2021) and imputing the fourth quarter based on the 2019 seasonal growth. Average petrol prices rose by 4.1 pence per litre in May this year, compared with a smaller rise of 1.7 pence per litre a year ago. The current rate is the highest since August 2008. In August 2022, the retail trade volume remained stable in both the eur Collection: Euro indicators This page provides - Luxembourg Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Source: Northern Trust Asset Management, OEC, Eurostat. The price increase was led by soaring costs of housing and utilities (13.3% vs 10.5%); furnishings, household equipment and routine household maintenance (15.7% vs 15.3%); food and non-alcoholic beverages (19.1% vs 19.2%); The figures in this publication use data collected on or around 17 May 2022. The Office for National Statistics (ONS) classifications assessment of the EBSS and its treatment in consumer price indices was announced on 31 August 2022. Looking at the main components of euro area inflation, energy is expected to have the highest annual rate in , Product code: 2-21102022-AP, On a monthly basis, CPIH rose by 0.5% in August 2022, compared with a rise of 0.6% in the same month a year earlier. Diesel prices moved similarly, with a rise of 3.6 pence per litre this year, compared with 1.5 pence per litre a year ago. , Product code: 2-21102022-BP, This was partially offset by smaller upward contributions from food and non-alcoholic beverages (0.05 percentage points), miscellaneous goods and services (0.04 percentage points) and clothing and footwear (0.04 percentage points). We are sorry to hear that. On a monthly basis, consumer prices are expected to Average petrol and diesel prices stood at 175.2 and 186.6 pence per litre, respectively, in August 2022, compared with 134.6 and 137.0 pence per litre a year earlier. A huge increase of 41.9 per cent has caused the inflation to jump, said Eurostat. Normally this would be national accounts Household Final Consumption Expenditure (HFCE) data lagged by 2 years. The largest upward effect came from milk, cheese and eggs, where prices of milk and cheese rose between July and August 2022 by more than between the same two months a year ago. Transport Current Account % of GDP. We use this information to make the website work as well as possible and improve our services. This tool is already available and you should start using it as soon as possible. The largest contributions were from bread and cereals, and meat. Rising prices for food and non-alcoholic beverages, compared with falls a year ago, resulted in the largest upward contribution to the change in both the CPIH and CPI 12-month inflation rates between April and May 2022 (0.17 percentage points for CPIH). The consumer price indices are normally based on prices collected from outlets around the country, supplemented by information collected centrally over the internet and by phone. On 3 February 2022, the UK government announced an Energy Bills Rebate package to help households to manage rising energy bills. , Product code: 2-28102022-AP, There was an overall increase of 2.3% between June and July 2022, taking the division's annual inflation rate to 12.7% in July 2022, up from 9.8% in June. Inflation in the eurozone is expected to have hit a new record high of 10.7 per cent in October, according to the bloc's statistics body Eurostat. 21-Oct-2022. In line with usual practice at the start of each year, the expenditure weights used in compiling the CPIH and CPI have been calculated using updated spending information. The annual inflation rate for transport was 12.4% in August 2022, down from 15.1% in July. Together, the articles make up an encyclopedia of European statistics for everyone, completed by a statistical glossary clarifying all terms used and by numerous links to further information and the latest data and Within this division, there was a smaller downward contribution of 0.02 percentage points from equipment for the reception and reproduction of sound and pictures, where prices of televisions fell this year but rose a year ago. This includes new estimates of CPIH over the period, and improved estimates of CPI. We have illustrated our future approach to measuring changing prices and costs faced by consumers and households using three "use cases", along with how they relate to the measures currently published and those under development. The rise in the CPIH annual rate for May 2022 was driven by upward contributions to change from 5 of the 12 divisions, with the largest contribution of 0.17 percentage points coming from food and non-alcoholic beverages. Rising food prices made the largest, partially offsetting, upward contribution to the change in the rates. The COICOP classes that have been adjusted were detailed in the article, Consumer price inflation, updating weights: 2022, alongside an explanation of the latest movements. However, the 12-month rate depends on prices collected in both 2022 and 2021. Additionally, there were reportedly concerns in the trade about the supply of second-hand cars because of a variety of factors. The Consumer Prices Index (CPI) rose by 9.1% in the 12 months to May 2022, up from 9.0% in April. 4 0 obj published on The March 2022 prices economic analysis considered further the growth in second-hand car prices. The increase in the annual rate between July and August 2022 came principally from mens and womens clothing, where prices rose between July and August 2022 but fell between the same two months a year ago. They said that "Those on default tariffs paying by direct debit will see an increase of 693 from 1,277 to 1,971 per year (difference due to rounding). The price increase was led by soaring costs of housing and utilities (13.3% vs 10.5%); furnishings, household equipment and routine household maintenance (15.7% vs 15.3%); food and non-alcoholic beverages (19.1% vs 19.2%); Collection: Euro indicators Prices of energy continue to have the biggest impact (up 41.9% vs 40.7% in September), followed by food, alcohol & tobacco (13.1% vs 11.8%), non-energy ), The European Central Bank has already warned last week that a recession is looming. We aim to be consistent with the national accounts, the public sector finances and other economic statistics. It is the third largest economy in the world in nominal terms, after the United States and China, and the third one in purchasing power parity (PPP) terms, after China and the United States. Contributions help to understand what is driving the inflation rate by expressing it as the additive sum of its parts. Euro indicators provide general economic information on the euro area, European Union and individual Member States. "It is a matter of how deep the recession will be and not if there will be one," Oxford Economics said in an analyst note. Diesel prices also contributed to the change in the rate, falling by 11.3 pence per litre this year, compared with a 1.5 pence per litre rise a year ago. A year earlier, the rate was 3.4%. Further information is available on the Eurostat website. (HICP) on the Eurostat website provides a comparable measure of inflation for each member state of the EU. Prices rose by 1.1% on the month in 2022, compared with a smaller rise of 0.2% in August 2021. Import data as of most recently available calendar year (2020 for U.S. and China, 2021 for Europe). , Product code: 3-03112022-AP, Although prices have fallen between March and August 2022, much of the change in the annual inflation rate is a base effect as prices rose by over 18% between March and August 2021. The Economic Statistics Classification assessment of this will be made when more information becomes available following publication of the government response to the Department for Business, Energy and Industrial Strategy's Energy Bills Support Scheme consultation in summer 2022. The annual inflation rate in Greece accelerated to 12.0 percent in September of 2022 from 11.4 percent in the previous month, holding close to levels not seen since late 1993. Figure 5 shows how each of the main groups of goods and services contributed to the change in the CPI 12-month inflation rate between April and May 2022. The CPIH all goods index rose by 13.0% in the 12 months to August 2022, down from 13.6% in July. A year earlier, the rate was 3.4%. The consumer price indices are normally based on prices collected from outlets around the country, supplemented by information collected centrally over the internet and by phone. The largest upward contributions to the annual CPIH inflation rate in August 2022 came from housing and household services (principally from electricity, gas and other fuels, and owner occupiers housing costs), transport (principally motor fuels), and food and non-alcoholic beverages. OECD-FAO Agricultural Outlook 2013-2022. This is specifically a current transfer, paid by central government to households. Le ratio du dficit au Collection: Euro-indicateurs It is the third largest economy in the world in nominal terms, after the United States and China, and the third one in purchasing power parity (PPP) terms, after China and the United States. The outlook for euro area activity and inflation has become very uncertain and depends crucially on how the Russian war in Ukraine unfolds, on the impact of current sanctions and on possible further measures. endobj The inclusion of Council Tax and rates in CPIH is the only further difference in coverage. To assist individuals in understanding how the rise in inflation affects their expenditure, we have published a personal inflation calculator. Our approach is consistent with the latest international guidance. On 18 May 2022, we published the Consumer price inflation, historical estimates, UK, 1950 to 1988 methodology. Source: Northern Trust Asset Management, OEC, Eurostat. The contributions from food and non-alcoholic beverages (1.20 percentage points) and restaurants and hotels (0.79 percentage points) are the largest since the start of the National Statistic series in 2006. For an overview of the indices and their uses, please see the Consumer price indices, a brief guide: 2017 article. Eurostat. The sample contained a range of products from pasta or rice to milk or frozen vegetables. These figures are published by Eurostat, the statistical Collection: Euro indicators They also refer to the Household Costs Indices (HCIs) as a set of measures to reflect the change in costs as experienced by households, and the Retail Prices Index (RPI) as a legacy measure that is required to meet existing user needs. plus published on (CPI) is produced on a consistent basis to the HICP. Research and developments in the transformation of UK consumer price statistics: November 2021 Article | Released 9 November 2021 The third in a series of biannual articles to update users on our research to modernise the measurement of consumer price inflation in the UK. 5. This is the largest contribution since July 2008, when it was also 0.74 percentage points. Imports. These figures are published Collection: Euro indicators Au deuxime trimestre 2022, le ratio du dficit public par rapport au PIB, corrig des variations saisonnires, sest tabli 2,1% dans la zone euro et 1,8% dans lUE. There were large, offsetting, downward contributions to change from recreation and culture, and clothing and footwear. <> There was a smaller upward contribution to change (of 0.03 percentage points) from transport. On 18 May 2022 we published historical estimates of consumer price inflation covering the period from 1950 to 1988. endstream Figure 2 shows the extent to which the different categories of goods and services have contributed to the overall Consumer Prices Index including owner occupiers housing costs (CPIH) 12-month inflation rate over the last two years. The May 2022 price is the highest recorded. On a monthly basis, CPIH rose by 0.5% in August 2022, compared with a rise of 0.6% in August 2021. There are fears of power shortages just as winter approaches. Explore the latest trends in employment, prices and trade in our. 1 0 obj The annual RPI inflation rate was 12.3% in August 2022. To understand what has changed the inflation rate between these months, we can look at the differences between the contributions made by the groups to the rate in July 2022, and the rate in August 2022. Figures came higher than market forecasts of 10.2%, preliminary estimates showed. The euro area annual inflation rate was 9.9% in September 2022, up from 9.1% in August. We are considering the most suitable approach to use for the forthcoming 2023 update of expenditure weights. Long-term interest rates. endobj 2 0 obj For this year's weights update we adopted a similar approach. Euro area annual inflation is expected to be 10.7% in October 2022, up from 9.9% in September according to a flash estimate from Eurostat, the statistical office of the European Union . In recognition that it continues to be widely used in contracts, we continue to publish the RPI, its subcomponents and RPI excluding mortgage interest payments (RPIX). More information is provided in the article, Coronavirus (COVID-19) and Consumer Price Inflation weights and prices: 2021. Eurostat is providing practical guidance for official statisticians on the issues triggered by the war against Ukraine. The European Union's statistics agency said on Monday (October 31) that inflation in Eurozone was at record 10.7 per cent in October. For more information on the use cases for our consumer price inflation statistics, please refer to our Measuring changing prices and costs for consumers and households, proposed updates: March 2020 article. But despite the mildly better-than-expected news, analysts warned that a recession appeared to be on its way regardless. These The price increase was led by soaring costs of housing and utilities (13.3% vs 10.5%); furnishings, household equipment and routine household maintenance (15.7% vs 15.3%); food and non-alcoholic beverages (19.1% vs 19.2%); published on Collected prices then started to influence the index in the following month. To assist individuals in understanding how the rise in inflation affects their expenditure, we have produced a personal inflation calculator. , Code produit: 2-28102022-AP, The contribution from second-hand cars has also changed over recent years. This is up from 1.47 percentage points in April and is the largest contribution from transport in the National Statistics series, which began in January 2006. Figure 4 shows how each of the main groups of goods and services contributed to the change in the Consumer Prices Index including owner occupiers' housing costs (CPIH) 12-month inflation rate between April and May 2022. The euro area annual inflation rate was 9.9% in September 2022, up from 9.1% in August. Consumer price inflation, historical estimates, UK 1950 to 1988 Article | Released 18 May 2022 Analysis of the Consumer Prices Index including owner occupier's housing costs, extending back to 1950, incorporating the historical modelled estimates,1988 to 2004. It had announced a jumbo interest rate hike in order to attempt to curb inflation. This was the largest contribution from this division since March 2009. Just a month before, the same figure was at 9.9 per cent. The Users and uses of consumer price inflation statistics methodology article includes information on the users and uses of these statistics, and the characteristics of the different measures of inflation in relation to potential use. 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