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May 2018 inflation data
The UK’s main inflation measure in May was unchanged from the previous month at 2.4%.
The inflation measures for the year to May 2018 are as follows:
- CPI inflation was 2.4% in May (Index: 105.8), unchanged from the year to April
- CPIH inflation was 2.3% in May (Index: 105.9), up from 2.2% in the year to April
- RPI inflation was 3.3% in May (Index: 280.7), down from 3.4% in the year to April
A House of Lords Select Committee has begun an inquiry into the use of RPI as a measure of inflation. This could influence whether the Office for National Statistics continue publishing RPI data – still widely used by pay setters.
The CPIH measure is the Office of National Statistic’s preferred index, see ‘New inflation measure’.