UK CPI rises at higher peak ever; 5.2%

Tuesday, 18 October 2011 12:10

Consumer Price Index stands out as it was reported at 5.2% for the annual inflation reports in the United Kingdom.  United Kingdom's CPI was estimated to announce a rise from previous August value of 4.5% to 4.9% in September; instead the report turned out much higher than anticipated at 5.2% for the current release of September 2011.

CPI Annual Inflation reports have never seen a larger than 5.2% peak and has only once, in August of 2008, seen the same figure of 5.2%.

The said news release measures the change in the price of goods and services purchased by consumers.  The largest pressure affecting this push upwards in mainly the increases on gas and electricity charges, as well as air transport and communication services.