Main points
The Consumer Prices Index including owner occupiers’ housing costs (CPIH) rose by 8.2% in the 12 months to June 2022, up from 7.9% in May.
The largest upward contributions to the annual CPIH inflation rate in June 2022 came from housing and household services (principally from electricity, gas and other fuels, and owner occupiers’ housing costs) and transport (principally from motor fuels).
On a monthly basis, CPIH rose by 0.7% in June 2022, compared with a rise of 0.4% in June 2021.
The Consumer Prices Index (CPI) rose by 9.4% in the 12 months to June 2022, up from 9.1% in May.
On a monthly basis, CPI rose by 0.8% in June 2022, compared with a rise of 0.5% in June 2021.
Rising prices for motor fuels and food made the largest upward contributions to the change in both the CPIH and CPI 12-month inflation rates between May and June 2022.
The largest, partially offsetting downward contributions to change in the rates were from second-hand cars and audio-visual equipment (principally recording media).
Soaring food and petrol prices were the main driver behind the latest inflation figures from the Office for National Statistics (ONS). Food prices and non-alcoholic drinks jumped 9.8% in the year to June – the highest rate seen since March 2009. Milk, eggs and cheese saw some of the biggest price hikes, as well as vegetables, meat and ready meals.
Read Full Report from ONS: https://www.ons.gov.uk/economy/inflationandpriceindices/bulletins/consumerpriceinflation/june2022
