Current Inflation Rate – July 2009

After several months of falls in both the CPI and RPI, July figures show declines in inflation have halted.

By News Desk
18th August 2009 at 12:26

CPI for July 2009 static at 1.8%Official figures released today show the Consumer Prices Index (CPI) held firm at 1.8% in July 2009, the first time the rate of inflation hasn’t fallen for several months. The Retail Prices Index (RPI), while still in minus territory, also rose slightly.

Data from the Office of National Statistics reveal that downward pressures on inflation were largely exerted by food and non-alcoholic drinks.

Following large price rises in food and drink due to seasonal supply issues last year, the decline in the cost of produce in this area makes sense.

Other sectors to have dropped prices include hotels and restaurants perhaps looking to offer good deals to consumers to make the most of an anticipated ‘stay-at-home’ holiday trend – i.e. people holidaying in the UK, rather than abroad.

The RPI rose by 0.2% to reach -1.4% in July compared to -1.6% the previous month.

[Picture credit: Dave McLear licenced from Flickr]

Commenting Is Easy

Do you have an opinion on this news item? Have something to add that others might find helpful? Then please leave a comment in the box below.

If you'd like to have your image included next to your comments here, then you can set yourself up with an avatar in just a couple of clicks.

Leave a comment

Related Posts


Listen to the sales podcast for SMEs Subscribe to the podcast on iTunes


If looking to boost your businesses performance with promotional marketing, travel incentives or incentive schemes get it touch with NDL Group