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Economics

Study Notes

CPIH Inflation

Level:
AS, A Level, IB
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

CPIH is a new measure of the annual rate of UK consumer price inflation that includes owner occupiers' housing costs (OOH).

Owner-occupied housing costs are the costs of housing services associated with owning, maintaining and living in one's own home. OOH does not include costs such as utility bills, minor repairs and maintenance, which are already included in the consumer price index.

Selected articles on the new CPIH measure of inflation:

BBC: Reality Check: What's this new measure of inflation?

This is Money: Why is CPIH a controversial measure of inflation?

The table below summarises the estimated annual rate of inflation for the UK using the CPIH measure during recent years.

United Kingdom
CPIH (overall index)
2006 2.5
2007 2.4
2008 3.5
2009 2.0
2010 2.5
2011 3.8
2012 2.6
2013 2.3
2014 1.5
2015 0.4
2016 1.0


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