UK Consumer Prices Index rose by 9.2% in the 12 months to February, up from 8.8% in January; largest upward contributions came from housing and household services, and food and non-alcoholic beverages: ONS

Sample article from our Housing & Economy

LONDON , March 22, 2023 (press release) –

Price indices, percentage changes, and weights for the different measures of consumer price inflation.

Main points

  • The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 9.2% in the 12 months to February 2023, up from 8.8% in January.
  • The largest upward contributions to the annual CPIH inflation rate in February 2023 came from housing and household services (principally from electricity, gas, and other fuels), and food and non-alcoholic beverages.
  • On a monthly basis, CPIH rose by 1.0% in February 2023, compared with a rise of 0.7% in February 2022.
  • The Consumer Prices Index (CPI) rose by 10.4% in the 12 months to February 2023, up from 10.1% in January.
  • On a monthly basis, CPI rose by 1.1% in February 2023, compared with a rise of 0.8% in February 2022.
  • The largest upward contributions to the monthly change in both the CPIH and CPI rates came from restaurants and cafes, food, and clothing, partially offset by downward contributions from recreational and cultural goods and services (particularly recording media), and motor fuels.
  • The estimates for February 2023 have been constructed using updated expenditure weights; this is the second and final weights update for 2023.
  • This release is the first publication to include expanded data on rail fares as part of our project to transform consumer price statistics.

Industry Intelligence Editor's Note: This press release omits select charts and/or marketing language for editorial clarity. Click here to view the full report.

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