Inflation_March_2009.doc

UK Inflation
Retail Price and Consumer Price Inflation in the UK
Annual percentage change in the retail price index and CPI
6.0
6.0
5.0
5.0
Percent
All items retail price index (RPI)
4.0
4.0
3.0
3.0
2.0
2.0
1.0
1.0
Consumer price index
0.0
0.0
-1.0
-1.0
-2.0
-2.0
97
98
99
00
01
02
03
04
05
06
07
08
09
Source: UK Statistics Commission
Consumer Price Inflation for Goods and Services
Annual Percentage Change, source: ONS
6
6
Inflation in Services
Percent
5
5
4
4
3
3
Goods and Services Together
2
2
1
1
0
0
-1
-1
-2
Inflation in Goods
-2
-3
-3
99
00
01
02
03
04
05
06
07
08
09
Source: Reuters EcoWin
Inflation and the Exchange Rate for the UK
Exchange rate index (top pane) and inflation (lower pane)
Percent
Index
110
110
Sterling Exchange Rate Index
105
105
100
100
95
95
90
90
85
85
80
80
75
75
70
70
5.5
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
1.0
0.5
5.5
5.0
4.5
4.0
3.5
3.0
2.5
2.0
1.5
Consumer Price Inflation
1.0
0.5
95
96
97
98
99
00
01
02
03
04
05
06
07
08 09
Source: Reuters EcoWin
Inflation in Services
Petrol and Diesel Prices and the World Price of Crude
Pounds per litre
UK price, £ per litre, weekly average (top pane) Brent crude oil price (bottom pane)
1.4
1.4
1.3
1.3
1.2
1.2
1.1
1.1
1.0
1.0
0.9
0.8
0.8
0.7
$s per barrel
0.9
Diesel
0.7
Petrol
0.6
0.6
150
150
125
125
100
100
75
75
50
50
Crude oil price
25
25
0
0
02
03
04
05
06
07
08
09
Source: Reuters EcoWin
UK Shop Price Index
Index
Monthly index of prices, December 2005 = 100
120.0
120.0
117.5
117.5
115.0
115.0
112.5
112.5
110.0
110.0
107.5
107.5
105.0
105.0
Food
102.5
102.5
100.0
100.0
Non-Food
97.5
97.5
95.0
95.0
92.5
92.5
Dec
05
Mar
Jun
06
Food
Sep
Dec
Mar
Jun
07
Sep
Dec
Mar
Jun
08
Sep
Dec
09
Non-food total
Source: Reuters EcoWin
Price Deflation for Selected Items
Consumer price index, monthly value, 2005=100
170
170
160
160
150
150
140
140
Index
Audio-Visual Equipment
130
130
120
120
Clothing and Footwear
110
110
100
100
90
90
80
80
70
70
60
60
00
01
02
03
04
05
06
07
08
09
Source: Reuters EcoWin