ONS website
The Office for National Statistics has reported that the Consumer Prices Index (CPI) rose by 2.2% in the year to October 2013, sharply down from 2.7% in September.
The main contributions to the fall came from transport (notably motor fuels spurred by price competition at the pumps) and education (tuition fees) sectors. The other main consumer price indices moved in a similar fashion. CPIH grew by 2.0% in the year to October 2013, down from 2.5%. RPIJ grew by 1.9%, down from 2.5%.
Over the last five years, the three main contributors to the 12-month inflation rate have been food & non-alcoholic beverages; housing, water, electricity, gas & other fuels; and transport (including motor fuels). Combined, these three sectors have, on average, accounted for over half of the 12-month inflation rate each month.
For example, food inflation fell but still showed a rise of 4.3% over the year, one of the highest contributors to inflation.
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