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How the inflation rate has changed for everyday items

November 15th, 2023

Inflation slowed for many goods and services last month, led by sharp drops in the cost of household energy, along with an easing in the rate for everyday groceries such as rice, pasta and soft drinks.

But not all items saw a slowdown, with inflation jumping for tea, olive oil, potatoes and others, official figures show.

The average price of gas was down year-on-year by 31% last month, compared with a year-on-year rise of 1.7% in September, while electricity was down 15.6% compared with a rise of 6.7% in September.

Examples of a slowing of inflation include pasta and couscous, where the average price was up 9.1% in the year to October following a rise of 18.8% in the year to September; cheese and curd, up 9.7% in October compared with 13.4% in September; and air travel, up 7.9% compared with 14.9%.

How the inflation rate has changed for everyday items

(PA Graphics)

Yoghurt, rice, pizza and quiche, frozen seafood and crisps all saw inflation at least three percentage points lower in October compared with September, according to the Consumer Prices Index (CPI) data published by the Office for National Statistics (ONS).

Items where inflation accelerated in the year to October include olive oil (up 50.2% compared with a rise of 47.4% in September), tea (up 15.1% compared with 12.5% in September), bus and coach travel (up 8.8% compared with 6.7%), and children’s footwear (up 8.1% compared with 6.6%).

Here a list of examples of how the CPI inflation rate has slowed, ranked by the size of the the month-on-month change, starting with the largest.

Two figures are listed for each product or service: the average rise in price in the 12 months to September, followed by the average rise in price in the 12 months to October.

Yoghurt: Sep 20.7%, Oct 10.9%
Pasta & couscous: Sep 18.8%, Oct 9.1%
Crisps: Sep 20.1%, Oct 11.4%
Passenger air travel: Sep 14.9%, Oct 7.9%
Furnishings fabrics and curtains: Sep 8.1%, Oct 2.8%
Low-fat milk: Sep 3.2%, Oct -1.8%
Frozen seafood: Sep 10.7%, Oct 5.8%
Rice: Sep 13.0%, Oct 9.0%
Cheese & curd: Sep 13.4%, Oct 9.7%
Butter: Sep -2.5%, Oct -6.1%
Pizza & quiche: Sep 8.1%, Oct 5.1%
Fresh or chilled fish: Sep 13.9%, Oct 11.3%
Second-hand cars: Sep -1.2%, Oct -3.6%
Poultry: Sep 8.5%, Oct 6.3%
Soft drinks: Sep 9.9%, Oct 7.7%
Children’s clothes: Sep 9.0%, Oct 6.9%
Pork: Sep 16.7%, Oct 14.7%
Ready-made meals: Sep 10.4%, Oct 8.6%
Men’s clothes: Sep 7.0%, Oct 5.6%
Men’s footwear: Sep 6.9%, Oct 5.5%
Women’s footwear: Sep 2.9%, Oct 1.7%
Household furniture: Sep 3.4%, Oct 2.2%
Eggs: Sep 18.1%, Oct 17.1%

ECONOMY InflationECONOMY Inflation

(PA Graphics)

Here are examples where the rate of inflation has accelerated, ranked by the size of the month-on-month change, starting with the largest.

Olive oil: Sep 47.4%, Oct 50.2%
Tea: Sep 12.5%, Oct 15.1%
Coffee: Sep 7.6%, Oct 9.5%
Coffee machines & tea makers: Sep 1.8%, Oct 3.4%
Children’s footwear: Sep 6.6%, Oct 8.1%
Fridges & freezers: Sep 2.0%, Oct 3.5%
Cinemas, theatres & concerts: Sep 3.3%, Oct 4.7%
Table linen & bathroom linen: Sep 1.2%, Oct 2.3%
Margarine & other vegetable fats: Sep 0.3%, Oct 1.3%
Potatoes: Sep 11.0%, Oct 12.0%
Chocolate: Sep 11.2%, Oct 11.8%
Bread: Sep 8.0%, Oct 8.5%
Passenger train travel: Sep 6.4%, Oct 6.9%

The average cost of petrol was down year-on-year by 5.2% in October, a smaller fall than the drop of 7.7% in September, reflecting a rise in prices last month.

It is a similar picture for diesel, where prices were down 11.8% in the year to October compared with a drop of 13.4% in the year to September.

This content was originally sourced and posted at Yahoo Canada Sports – Sports News, Scores, Rumours, Fantasy Games, and more »
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