UK CPI Inflation (12-Month)

## What this measures

The 12-month change in the UK Consumer Prices Index: headline inflation.

## Why it matters

It is the measure the Bank of England targets at 2%.

## How to read it

Above 3% triggers an open letter from the Governor to the Chancellor. Compare with core and services inflation to see what is driving it.

## What it does not say

It excludes owner-occupiers' housing costs (CPIH includes them).

## Source

Office for National Statistics, series D7G7 (dataset MM23), "CPI ANNUAL RATE 00: ALL ITEMS 2015=100". Palanor reads it from the ONS website's time-series data every day.

Source: Office for National Statistics licensed under the Open Government Licence v.3.0.