100+ datasets found
  1. u

    Data from: Personal Inflation Calculator

    • zivahub.uct.ac.za
    xlsx
    Updated Aug 9, 2018
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    Darian Sagnelli (2018). Personal Inflation Calculator [Dataset]. http://doi.org/10.25375/uct.6882941.v1
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    xlsxAvailable download formats
    Dataset updated
    Aug 9, 2018
    Dataset provided by
    University of Cape Town
    Authors
    Darian Sagnelli
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Description

    Inflation rates experienced by different groups of consumers within a country vary. This is because the prices of goods and services and the expenditure patterns of consumers differ. The published inflation rate is used for important decisions regarding the preservation of consumer purchasing power. These include the adjustment of social grants and minimum wages by government and the benchmarking of returns by investors when making investment decisions. It is thus vital that inflation is measured accurately to ensure the purchasing power of consumers is preserved. Current measures of inflation published by Stats SA are applicable to typical consumers and are not relevant to each individual. This resource supplements a study that seeks to provide a publicly available model that can be used by consumers to calculate their personal rate of inflation.

  2. U.S. projected Consumer Price Index 2010-2029

    • statista.com
    Updated Aug 21, 2024
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    Statista (2024). U.S. projected Consumer Price Index 2010-2029 [Dataset]. https://www.statista.com/statistics/244993/projected-consumer-price-index-in-the-united-states/
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    Dataset updated
    Aug 21, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2023, the U.S. Consumer Price Index was 309.42, and is projected to increase to 352.27 by 2029. The base period was 1982-84. The monthly CPI for all urban consumers in the U.S. can be accessed here. After a time of high inflation, the U.S. inflation rateis projected fall to two percent by 2027. United States Consumer Price Index ForecastIt is projected that the CPI will continue to rise year over year, reaching 325.6 in 2027. The Consumer Price Index of all urban consumers in previous years was lower, and has risen every year since 1992, except in 2009, when the CPI went from 215.30 in 2008 to 214.54 in 2009. The monthly unadjusted Consumer Price Index was 296.17 for the month of August in 2022. The U.S. CPI measures changes in the price of consumer goods and services purchased by households and is thought to reflect inflation in the U.S. as well as the health of the economy. The U.S. Bureau of Labor Statistics calculates the CPI and defines it as, "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." The BLS records the price of thousands of goods and services month by month. They consider goods and services within eight main categories: food and beverage, housing, apparel, transportation, medical care, recreation, education, and other goods and services. They aggregate the data collected in order to compare how much it would cost a consumer to buy the same market basket of goods and services within one month or one year compared with the previous month or year. Given that the CPI is used to calculate U.S. inflation, the CPI influences the annual adjustments of many financial institutions in the United States, both private and public. Wages, social security payments, and pensions are all affected by the CPI.

  3. Consumer Price Index (CPI)

    • catalog.data.gov
    • cloud.csiss.gmu.edu
    • +1more
    Updated May 16, 2022
    + more versions
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    Bureau of Labor Statistics (2022). Consumer Price Index (CPI) [Dataset]. https://catalog.data.gov/dataset/consumer-price-index-cpi-ee18b
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    Dataset updated
    May 16, 2022
    Dataset provided by
    Bureau of Labor Statisticshttp://www.bls.gov/
    Description

    The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas. Average price data for select utility, automotive fuel, and food items are also available. Prices for the goods and services used to calculate the CPI are collected in 75 urban areas throughout the country and from about 23,000 retail and service establishments. Data on rents are collected from about 43,000 landlords or tenants. More information and details about the data provided can be found at http://www.bls.gov/cpi

  4. U.S. consumer Price Index of all urban consumers 1992-2024

    • statista.com
    Updated Feb 10, 2025
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    Statista (2025). U.S. consumer Price Index of all urban consumers 1992-2024 [Dataset]. https://www.statista.com/statistics/190974/unadjusted-consumer-price-index-of-all-urban-consumers-in-the-us-since-1992/
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    Dataset updated
    Feb 10, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    United States
    Description

    In 2024, the consumer price index (CPI) was 315.61. Data represents U.S. city averages. The monthly inflation rate for the United States can be found here. United States urban Consumer Price Index (CPI) The U.S. Consumer Price Index is a measure of change in the price of consumer goods and services purchased by households. The CPI is defined by the United States Bureau of Labor Statistics as "a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services." To calculate the CPI, the Bureau of Labor Statistics considers the price of goods and services from various categories: housing, transportation, apparel, food & beverage, medical care, recreation, education and other/uncategorized. The CPI is a useful measure, as it indicates how the cost of urban living in the United States has changed over time, compared to a base period. CPI is also used to calculate inflation, or change in the purchasing power of money. According to the U.S. Bureau of Labor Statistics, the U.S. urban CPI has been rising steadily since 1992. As of 2023, the CPI was 304.7, up from 233 ten years earlier and up from 184 twenty years earlier. This indicates the extent to which, compared to a base period 1982-1984 = 100, the price of various goods and services has risen.

  5. T

    United States Consumer Price Index (CPI)

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jun 11, 2025
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    TRADING ECONOMICS (2025). United States Consumer Price Index (CPI) [Dataset]. https://tradingeconomics.com/united-states/consumer-price-index-cpi
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    xml, csv, excel, jsonAvailable download formats
    Dataset updated
    Jun 11, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1950 - May 31, 2025
    Area covered
    United States
    Description

    Consumer Price Index CPI in the United States increased to 321.47 points in May from 320.80 points in April of 2025. This dataset provides the latest reported value for - United States Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  6. T

    Euro Area Inflation Rate

    • tradingeconomics.com
    • fa.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 1, 2025
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    TRADING ECONOMICS (2025). Euro Area Inflation Rate [Dataset]. https://tradingeconomics.com/euro-area/inflation-cpi
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    excel, json, csv, xmlAvailable download formats
    Dataset updated
    Jul 1, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1991 - Jun 30, 2025
    Area covered
    Euro Area
    Description

    Inflation Rate In the Euro Area increased to 2 percent in June from 1.90 percent in May of 2025. This dataset provides the latest reported value for - Euro Area Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  7. Inflation rate in China 2014-2030

    • statista.com
    • ai-chatbox.pro
    Updated Apr 24, 2025
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    Statista (2025). Inflation rate in China 2014-2030 [Dataset]. https://www.statista.com/statistics/270338/inflation-rate-in-china/
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    Dataset updated
    Apr 24, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    China
    Description

    In 2024, the average annual inflation rate in China ranged at around 0.2 percent compared to the previous year. For 2025, projections by the IMF expect slightly negative inflation. The monthly inflation rate in China dropped to negative values in the first quarter of 2025. Calculation of inflation The inflation rate is calculated based on the Consumer Price Index (CPI) for China. The CPI is computed using a product basket that contains a predefined range of products and services on which the average consumer spends money throughout the year. Included are expenses for groceries, clothes, rent, power, telecommunications, recreational activities, and raw materials (e.g. gas, oil), as well as federal fees and taxes. The product basked is adjusted every five years to reflect changes in consumer preference and has been updated in 2020 for the last time. The inflation rate is then calculated using changes in the CPI. As the inflation of a country is seen as a key economic indicator, it is frequently used for international comparison. China's inflation in comparison Among the main industrialized and emerging economies worldwide, China displayed comparatively low inflation in 2023 and 2024. In previous years, China's inflation ranged marginally above the inflation rates of established industrialized powerhouses such as the United States or the European Union. However, this changed in 2021, as inflation rates in developed countries rose quickly, while prices in China only increased moderately. According to IMF estimates for 2024, Zimbabwe was expected to be the country with the highest inflation rate, with a consumer price increase of about 561 percent compared to 2023. In 2023, Turkmenistan had the lowest price increase worldwide with prices actually decreasing by about 1.7 percent.

  8. Annual average consumer price index in Panama 1980-2030

    • statista.com
    Updated Jun 18, 2025
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    Statista (2025). Annual average consumer price index in Panama 1980-2030 [Dataset]. https://www.statista.com/statistics/1392402/annual-average-consumer-price-index-panama/
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    Dataset updated
    Jun 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    Panama
    Description

    The annual average consumer price index in Panama was estimated at about 110.39 points in 2024. Between 1980 and 2024, the index rose by approximately 60.97 points, though the increase followed an uneven trajectory rather than a consistent upward trend. The index will steadily rise by around 12.13 points over the period from 2024 to 2030, reflecting a clear upward trend.As defined by the International Monetary Fund, this indicator measures inflation on the basis of the average consumer price index. This index measure expresses a country's average level of prices based on a typical basket of consumer goods and services during a certain year. Typically a reference year exists for which a value of 100 had been assigned.

  9. e

    Consumer price index

    • data.europa.eu
    excel xls, excel xlsx +1
    Updated Feb 9, 2018
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    North Gate II & III - INS (STATBEL - Statistics Belgium) (2018). Consumer price index [Dataset]. https://data.europa.eu/data/datasets/78b06e72e3614d1019d54adf9ff84d7f4b23c35f?locale=en
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    excel xlsx, excel xls, pdfAvailable download formats
    Dataset updated
    Feb 9, 2018
    Dataset authored and provided by
    North Gate II & III - INS (STATBEL - Statistics Belgium)
    Description

    Purpose and brief description The consumer price index is an economic indicator whose main task is to objectively reflect the price evolution over time for a basket of goods and services purchased by households and considered representative of their consumer habits. The index does not necessarily measure the price level of this basket for a specific period of time, but rather the fluctuation between two periods, the first one acting as basis for comparison. Moreover, this difference in the price level is not measured in absolute, but in relative terms. The consumer price index can be determined as a hundred times the ratio between the observed prices of a range of goods and services at a given time and the prices of the same goods and services, observed under the same circumstances during the reference period, chosen as basis for comparison. Price observations always take place in the same regions. Since 2014, the consumer price index has been a chain index in which the weighting reference period is regularly shifted and prices and quantities are no longer compared between the current period and a fixed reference period, but the current period is compared with an intermediate period. By multiplying these short-term indices, and so creating a chain, we get a long-term series with a fixed reference period. Population Belgian private households Data collection method and possible sampling Survey technique applied using a computer, based on the use of electronic questionnaires and laptops. Frequency Monthly. Timing of publication The results are available on the penultimate working day of the reference period. Definitions Weight (CPI): The weight represents the importance of the goods and services included in the CPI in the total expenditure patterns of the households. Weights are determined based on the household budget survey. Consumer price index (CPI): The consumer price index is an economic indicator whose main task is to objectively reflect the price evolution over time for a basket of goods and services purchased by households and considered representative of their consumer habits. Health index: The health index is derived from the consumer price index and has been published since January 1994. The current value of this index is determined by removing a number of products from the consumer price index product basket, in particular alcoholic beverages (bought in a shop or consumed in a bar), tobacco products and motor fuels except for LPG. Inflation: Inflation is defined as the ratio between the value of the consumer price index of a given month and the index of the same month the year before. Therefore, inflation measures the rhythm of the evolution of the overall price level. Consumer price index without petroleum products: This index is calculated by removing the following products from the consumer price index: butane, propane, liquid fuels and motor fuels. Consumer price index without energy products: This index is calculated by removing the following products from the consumer price index: electricity, natural gas, butane, propane, liquid fuels, solid fuels and motor fuels. Smoothed index: The smoothed health index, also called smoothed index (the average value of the health indexes of the last 4 months) is used as a basis for the indexation of retirement pensions, social security benefits and some salaries and wages. Public wages and social benefits are indexed as soon as the smoothed index reaches a given value, called the central index. The smoothed index is also called moving average. In order to perform a 2% index jump (laid down in the Law of 23 April 2015 on employment promotion), the smoothed health index has been temporarily blocked at its value of March 2015 (100.66). The smoothed health index was then reduced by 2% from April 2015. When the reduced smoothed health index (also called the reference index) had increased again by 2% or in other words when it had exceeded the value of 100.66, the index was no longer blocked. It occurred in April 2016. Since April 2016 the smoothed health index is calculated in the same manner as the reference index and therefore corresponds to the arithmetical mean of the health indexes of the last 4 months multiplied by a factor of 0.98. The central index is a predetermined threshold value against which the smoothed health index is compared. If the central index is reached or exceeded, there is an indexation of the wages and salaries or benefits. This indexation is proportional to the percentage between the old and the new central index. For the public sector and social benefits, the difference between the central indices always amounts to 2 %. Therefore, a 2 % indexation is applied every time the central index is reached. There are also collective labour agreements according to which the difference between the central indices amounts to 1 % or 1.5 %. The reaching of a central index then leads to an indexation of 1 % or 1,5 %. See also: https://bosa.belgium.

  10. Consumer price inflation tables

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Jun 18, 2025
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    Office for National Statistics (2025). Consumer price inflation tables [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceinflation
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    xlsxAvailable download formats
    Dataset updated
    Jun 18, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Measures of monthly UK inflation data including CPIH, CPI and RPI. These tables complement the consumer price inflation time series dataset.

  11. F

    Inflation, consumer prices for the United States

    • fred.stlouisfed.org
    json
    Updated Apr 16, 2025
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    (2025). Inflation, consumer prices for the United States [Dataset]. https://fred.stlouisfed.org/series/FPCPITOTLZGUSA
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    jsonAvailable download formats
    Dataset updated
    Apr 16, 2025
    License

    https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain

    Area covered
    United States
    Description

    Graph and download economic data for Inflation, consumer prices for the United States (FPCPITOTLZGUSA) from 1960 to 2024 about consumer, CPI, inflation, price index, indexes, price, and USA.

  12. L

    Lebanon Inflation - data, chart | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Dec 21, 2013
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    Globalen LLC (2013). Lebanon Inflation - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Lebanon/inflation/
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    xml, csv, excelAvailable download formats
    Dataset updated
    Dec 21, 2013
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 2009 - Dec 31, 2023
    Area covered
    Lebanon
    Description

    Lebanon: Inflation: percent change in the Consumer Price Index: The latest value from 2023 is 221.3 percent, an increase from 171.2 percent in 2022. In comparison, the world average is 9.9 percent, based on data from 160 countries. Historically, the average for Lebanon from 2009 to 2023 is 44.3 percent. The minimum value, -3.7 percent, was reached in 2015 while the maximum of 221.3 percent was recorded in 2023.

  13. Cost inflation index in India FY 2002-2024

    • statista.com
    Updated Mar 15, 2024
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    Statista (2024). Cost inflation index in India FY 2002-2024 [Dataset]. https://www.statista.com/statistics/1360962/india-cost-inflation-index/
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    Dataset updated
    Mar 15, 2024
    Dataset authored and provided by
    Statistahttp://statista.com/
    Area covered
    India
    Description

    During the financial year 2023, the cost inflation index (CII) in India stood at 348. This was an increase from the previous year's figure of 331. The CII is used to compute an asset's inflation-adjusted cost price. It is used to assess the inflation value of assets like land, houses, jewelry etc.

  14. T

    Trinidad and Tobago Inflation - data, chart | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Dec 25, 2013
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    Globalen LLC (2013). Trinidad and Tobago Inflation - data, chart | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/Trinidad-and-Tobago/inflation/
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    csv, xml, excelAvailable download formats
    Dataset updated
    Dec 25, 2013
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2023
    Area covered
    Trinidad and Tobago
    Description

    Trinidad and Tobago: Inflation: percent change in the Consumer Price Index: The latest value from 2023 is 4.6 percent, a decline from 5.8 percent in 2022. In comparison, the world average is 9.9 percent, based on data from 160 countries. Historically, the average for Trinidad and Tobago from 1960 to 2023 is 7 percent. The minimum value, 0.6 percent, was reached in 2020 while the maximum of 22 percent was recorded in 1974.

  15. T

    Vietnam Inflation Rate

    • tradingeconomics.com
    • ar.tradingeconomics.com
    • +13more
    csv, excel, json, xml
    Updated Jul 5, 2025
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    TRADING ECONOMICS (2025). Vietnam Inflation Rate [Dataset]. https://tradingeconomics.com/vietnam/inflation-cpi
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    xml, excel, json, csvAvailable download formats
    Dataset updated
    Jul 5, 2025
    Dataset authored and provided by
    TRADING ECONOMICS
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Jan 31, 1996 - Jun 30, 2025
    Area covered
    Vietnam
    Description

    Inflation Rate in Vietnam increased to 3.57 percent in June from 3.24 percent in May of 2025. This dataset provides the latest reported value for - Vietnam Inflation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

  16. G

    Inflation by country, around the world | TheGlobalEconomy.com

    • theglobaleconomy.com
    csv, excel, xml
    Updated Mar 26, 2014
    + more versions
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    Globalen LLC (2014). Inflation by country, around the world | TheGlobalEconomy.com [Dataset]. www.theglobaleconomy.com/rankings/inflation/
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    csv, excel, xmlAvailable download formats
    Dataset updated
    Mar 26, 2014
    Dataset authored and provided by
    Globalen LLC
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Dec 31, 1960 - Dec 31, 2023
    Area covered
    World, World
    Description

    The average for 2023 based on 160 countries was 9.9 percent. The highest value was in Lebanon: 221.3 percent and the lowest value was in the Seychelles: -1 percent. The indicator is available from 1960 to 2023. Below is a chart for all countries where data are available.

  17. Monthly inflation rate in Germany 2023-2025

    • statista.com
    Updated Mar 25, 2025
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    Statista (2025). Monthly inflation rate in Germany 2023-2025 [Dataset]. https://www.statista.com/statistics/262957/inflation-rate-in-germany-changes-of-the-cpi-compared-to-the-same-month-last-year/
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    Dataset updated
    Mar 25, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Feb 2023 - Feb 2025
    Area covered
    Germany
    Description

    In February 2025, based on preliminary figures, consumer prices in Germany increased by 2.3 percent compared to the same month of the previous year. The inflation rate is calculated using the price increase of a product basket defined by the German Federal Statistical Office. This product basket contains services and products, on which the average consumer spends money throughout the year. This includes expenses for groceries, clothes, rent, power, telecommunications, recreational activities and raw materials (i.e. gas, oil), as well as federal fees and taxes.The term inflation means the devaluation of money caused by the increase of the price level of products (consumer goods, investment goods). The Consumer Price Index shows the price trends for private consumption expenses and shows the current inflation level when increasing.

  18. Consumer price inflation basket of goods and services

    • ons.gov.uk
    • cy.ons.gov.uk
    xlsx
    Updated Mar 18, 2025
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    Office for National Statistics (2025). Consumer price inflation basket of goods and services [Dataset]. https://www.ons.gov.uk/economy/inflationandpriceindices/datasets/consumerpriceinflationbasketofgoodsandservices
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    xlsxAvailable download formats
    Dataset updated
    Mar 18, 2025
    Dataset provided by
    Office for National Statisticshttp://www.ons.gov.uk/
    License

    Open Government Licence 3.0http://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/
    License information was derived automatically

    Description

    Representative items within the Consumer Prices Index including owner occupiers' housing costs, Consumer Prices Index and Retail Prices Index for the basket of goods and services.

  19. Algeria Consumer Price Index CPI Growth

    • ceicdata.com
    Updated Jan 15, 2021
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    CEICdata.com (2021). Algeria Consumer Price Index CPI Growth [Dataset]. https://www.ceicdata.com/en/indicator/algeria/consumer-price-index-cpi-growth
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    Dataset updated
    Jan 15, 2021
    Dataset provided by
    CEIC Data
    License

    Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
    License information was derived automatically

    Time period covered
    Feb 1, 2024 - Jan 1, 2025
    Area covered
    Algeria
    Description

    Key information about Algeria Consumer Price Index CPI growth

    • Algeria Consumer Price Index (CPI) growth was measured at 3.7 % YoY in Jan 2025, compared with a rate of 3.0 % in the previous month.
    • Algeria Consumer Price Index growth data is updated monthly, available from Jan 1975 to Jan 2025, with an averaged number of 6.2 % YoY.
    • The data reached an all-time high of 40.3 % YoY in Jan 1995 and a record low of -5.2 % YoY in Aug 1983.

    CEIC calculates Consumer Price Index Growth from monthly Consumer Price Index. The National Office of Statistics provides Consumer Price Index with base 2001=100. Consumer Price Index covers Algiers only as it is the official index used for inflation calculation. Consumer Price Index Growth prior to January 2003 is sourced from the International Monetary Fund.

  20. CPIH inflation rate in the UK 2015-2025

    • statista.com
    Updated Jun 18, 2025
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    Statista (2025). CPIH inflation rate in the UK 2015-2025 [Dataset]. https://www.statista.com/statistics/310582/uk-cpih-rate/
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    Dataset updated
    Jun 18, 2025
    Dataset authored and provided by
    Statistahttp://statista.com/
    Time period covered
    Jan 2015 - May 2025
    Area covered
    United Kingdom
    Description

    In May 2025, the Consumer Price Index including owner occupiers' housing costs (CPIH) inflation rate of the United Kingdom was **** percent, down from *** percent in the previous month. The inflation rate fell noticeably after the COVID-19 pandemic, but rose sharply between Spring 2021 and Autumn 2022. After peaking at *** percent in October 2022, CPIH inflation declined throughout 2023 and into 2024, falling to *** percent by September of that year, before increasing again recently. Cost of living problems persist into 2025 Although it is likely that the worst of the recent inflation surge may have passed, the issues caused by it look set to linger into 2025 and beyond. While the share of households experiencing living cost rises has fallen from ** percent in August 2022, to ** percent in July 2024, this share rose towards the end of the year, with more than half of households reporting rising costs in December. Even with lower inflation, overall consumer prices have already increased by around ** percent in the last three years, rising to almost ** percent for food prices, which lower income households typically spend more of their income on. The significant increase in people relying on food banks across the UK, is evidence of the magnitude of this problem, with approximately **** million people using food banks in 2023/**. Other measure of inflation While the CPIH inflation rate displayed here is the preferred index of the UK's Office of National Statistics, the Consumer Price Index (CPI) is often more prominently featured in the media in general. An older index, the Retail Price Index (RPI) is also still used by the government to calculate certain taxes, and rail fare rises. Other metrics include the core inflation rate, which measures prices increases without the volatility of food and energy costs, while price increases in goods and services can also be tracked separately. The inflation rate of individual sectors can also be measured, and as of December 2024, prices were rising fastest in the communications sector, at *** percent, with costs falling in the transport and furniture sectors.

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Darian Sagnelli (2018). Personal Inflation Calculator [Dataset]. http://doi.org/10.25375/uct.6882941.v1

Data from: Personal Inflation Calculator

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Dataset updated
Aug 9, 2018
Dataset provided by
University of Cape Town
Authors
Darian Sagnelli
License

Attribution 4.0 (CC BY 4.0)https://creativecommons.org/licenses/by/4.0/
License information was derived automatically

Description

Inflation rates experienced by different groups of consumers within a country vary. This is because the prices of goods and services and the expenditure patterns of consumers differ. The published inflation rate is used for important decisions regarding the preservation of consumer purchasing power. These include the adjustment of social grants and minimum wages by government and the benchmarking of returns by investors when making investment decisions. It is thus vital that inflation is measured accurately to ensure the purchasing power of consumers is preserved. Current measures of inflation published by Stats SA are applicable to typical consumers and are not relevant to each individual. This resource supplements a study that seeks to provide a publicly available model that can be used by consumers to calculate their personal rate of inflation.

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