RPIX inflation – the all items RPI excluding mortgage interest payments – rose to 2.5 percent in September, from 2.3 percent in August.
As an internationally comparable measure of inflation, the CPI shows that the UK inflation rate is slightly above the average for the European Union as a whole. The provisional inflation rate for the enlarged EU 25 in August was 2.2 percent, compared with the UK figure of 2.4 percent in August.
CPI is the consumer prices index. It is the measure adopted by the Government for its UK inflation target. The Bank of England's Monetary Policy Committee is required to achieve a target of 2 per cent, subject to a margin of one percentage point on either side. Prior to 10 December 2003, the CPI was published in the UK as the harmonised index of consumer prices (HICP).
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