How did the consumer prices index (CPIH) perform in August 2023?

The Consumer Prices Index including owner occupiers' housing costs (CPIH) rose by 6.3% in the 12 months to August 2023, down from 6.4% in July. On a monthly basis, CPIH rose by 0.4% in August 2023, compared with a rise of 0.5% in August 2022. The Consumer Prices Index (CPI) rose by 6.7% in the 12 months to August 2023, down from 6.8% in July.

Why did CPI rise in August 2023?

On a monthly basis, CPI rose by 0.3% in August 2023, compared with a rise of 0.5% in August 2022. The largest downward contributions to the monthly change in both CPIH and CPI annual rates came from food, where prices rose by less in August 2023 than a year ago, and accommodation services, where prices can be volatile and fell in August 2023.

How did CPIH perform in August 2023?

Core CPIH (excluding energy, food, alcohol and tobacco) rose by 5.9% in the 12 months to August 2023, down from 6.4% in July; the CPIH goods annual rate rose slightly from 6.1% to 6.3%, while the CPIH services annual rate slowed from 6.5% to 6.1%.