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Key points:

The Consumer Prices Index (CPI) annual inflation stands at 2.2 per cent in September 2012, down from 2.5 per cent in August. This is the slowest rate of inflation since November 2009, when it was 1.9 per cent.

The majority of the downward pressure to the change in the CPI came from the housing & household services sector with September 2011’s utility bill rises falling out of the index calculation. There were significant upward pressures from the transport (predominantly motor fuels), recreation & culture and miscellaneous goods & services sectors

The CPI stands at 123.5 in September 2012 based on 2005 = 100

The Retail Prices Index (RPI) annual inflation stands at 2.6 per cent in September 2012, down from 2.9 per cent in August

By far the largest downward pressure to the change in the RPI came as a result of September 2011’s utility bill rises falling out of the index calculation. The majority of the upward pressure to the index came from an increase in the price of motor fuels

The RPI stands at 244.2 in September 2012 based on January 1987 = 100

Consumer Price Indices September 2012

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