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What is the difference between CPI, CPIH and RPI?

All three are ONS price indices, but they cover different things. CPI is the internationally comparable measure the Bank of England targets. CPIH is CPI plus owner occupiers' housing costs and council tax, and is the ONS's lead measure. RPI is an older index that includes mortgage interest payments and uses a formula the ONS says overstates inflation; it lost its National Statistics status in 2013.

RPI is still used in some contracts, index-linked gilts, rail fares and student loan interest, and is usually higher than CPI. From 2030 RPI will be aligned with CPIH. A claim that compares wages or benefits with "inflation" should name the index, because the choice changes the answer.

Official sources: CPIH annual rate (L55O) · RPI annual rate (CZBH)

The latest figure

12-month rate
3.1
August 2026 · Office for National Statistics (ONS) · checked 2026-10-13

The newest value is at Office for National Statistics (ONS). More on it: UK inflation rate (CPI).

When is the next figure out?

Monthly, usually a Wednesday in the middle of the month, 7am; next release 21 October 2026

Every official release due in the next two weeks is on the release calendar.

Terms used in this answer

  • Index number
    A number that shows how a value compares with a chosen reference period set to 100. An index of 110 means 10% higher than the reference period.
  • CPI (Consumer Prices Index)
    The UK's main measure of consumer price inflation for the Bank of England's 2% target. It tracks the prices of a basket of goods and services bought by households.
  • CPIH
    The Consumer Prices Index including owner occupiers' housing costs. The ONS's lead measure of consumer price inflation, it adds housing costs and council tax to CPI.
  • RPI (Retail Prices Index)
    An older UK price index still used in some contracts, index-linked gilts and student loans. It is not an accredited official statistic and usually runs above CPI.
  • Weighted average
    An average in which some values count for more than others, according to their size or importance.
  • Core inflation
    Inflation measured without the most volatile items, usually energy, food, alcohol and tobacco, to show underlying price pressure.

Where the figures come from

Related questions

This answer says where the official figures are published and how they are defined. It gives no verdict on any claim. To report an error, send a correction request. More questions about inflation and prices: all Inflation and prices questions.

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