Inflation and earnings
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View the latest official inflation and earnings data, alongside forecasts based on expert opinion and official data to help you plan ahead.
Inflation Retail prices index: 4.4% (12 months to December 2006)
Average earnings Earnings, whole economy: 4.1 % (12 months to November 2006)
Inflation forecasts
First quarter 2007: Range 3.7% to 4.3%; average 4.0%
Second quarter 2007: Range 3.0% to 4.0%; average 3.5%
Average earnings forecasts
First quarter 2007: Range 3.9% to 4.8%; average 4.4%
Second quarter 2007: Range 3.9% to 4.8%; average 4.4%
The headline rate of inflation, as measured by the annual change in the all-items retail prices index (RPI), was 4.4% in December 2006, up from 3.9% in November.
The all-items index increased by 0.8% between November and December 2006, to 202.7.
Underlying inflation - the 12-month change in the all-items RPI excluding mortgage interest payments (RPIX) - was 3.8% in December 2006, up from November.
The consumer prices index (CPI), formerly known as the harmonised index of consumer prices (HICP) - an EU measure of inflation similar to RPI - rose by 3.0% in the year to December 2006, up from 2.7% a month earlier.
|
Retail prices index | |||
|
|
All-items index |
Underlying index | |
|
2005 |
Dec |
2.2 |
2.0 |
|
2006 |
Jan |
2.4 |
2.3 |
|
|
Feb |
2.4 |
2.3 |
|
|
Mar |
2.4 |
2.1 |
|
|
Apr |
2.6 |
2.4 |
|
|
May |
3.0 |
2.9 |
|
|
Jun |
3.3 |
3.1 |
|
|
Jul |
3.3 |
3.1 |
|
|
Aug |
3.4 |
3.3 |
|
|
Sep |
3.6 |
3.2 |
|
|
Oct |
3.7 |
3.2 |
|
|
Nov |
3.9 |
3.4 |
|
|
Dec |
4.4 |
3.8 |
Source:Office for National Statistics , Consumer Price Indices, published 16 January 2007.
