The UK experienced a significant decrease in its annual inflation rate, dropping to 6.8% in July from the previous month’s 7.9%. This is the lowest level since February 2022, primarily due to lower energy prices. In addition, food price inflation has also eased, especially for essential items like milk, bread, and cereal. Furthermore, summer sales have contributed to a reduction in the cost of clothing, footwear, and household goods.
The Office for National Statistics has compiled data on the prices of individual goods and services, in addition to the consumer prices index. Let’s take a closer look at how the prices of everyday items have changed over the past year. The following figures represent the percentage change in the average price over the 12-month period ending in July.
Food:
– Sugar: 54.5%
– Olive oil: 41.5%
– Sauces and condiments: 28.4%
– Cheese and curd: 24.6%
– Eggs: 26.7%
– Low-fat milk: 10.9%
– Pasta products and couscous: 23.1%
– Jams, marmalades, and honey: 14.3%
– Ready-made meals: 11.7%
– Pork: 22.2%
– Fish: 13.4%
– Vegetables: 16.7%
– Bread: 11.8%
– Butter: 2.2%
– Fruit: 8.4%
Drinks:
– Fruit and vegetable juices: 20.4%
– Mineral or spring waters: 18.2%
– Soft drinks: 12.3%
– Tea: 12.7%
– Coffee: 6.3%
– Cocoa and powdered chocolate: 21.9%
– Beer: 11.8%
– Spirits: 5%
– Wine: 5%
Electricity, gas, and other fuels:
– Gas: 1.7%
– Electricity: 6.7%
– Solid fuels: 8.1%
– Liquid fuels: -38.3%
Clothing and shoes:
– Garments for infants and children: 6.2%
– Garments for women: 6.8%
– Garments for men: 7.6%
– Footwear for infants: 12.3%
– Footwear for women: 5.5%
– Footwear for men: 4%
– Repair and hire of clothes: 11%
Household items and furniture:
– Carpets and rugs: 10.6%
– Refrigerators, freezers, and fridge-freezers: 6.9%
– Cookers: 10.5%
– Household furniture: 6%
– Bed linen: 3.4%
– Garden furniture: 0.2%
– Lighting equipment: -0.2%
Vehicles and passenger transport:
– New cars: 4.4%
– Secondhand cars: 2.3%
– Bicycles: 0.5%
– Motorcycles: -1.8%
– By air: 29.8%
– By train: 5%
– By sea and inland waterway: 14.4%
– By bus and coach: 6.5%
– Diesel: -26.4%
– Petrol: -24.4%
Hospitality and recreation:
– Hotels and motels: 13.2%
– Holiday centres, campsites, and youth hostels: 14.4%
– Fast food and takeaway food services: 10.0%
– Restaurants and cafes: 9.0%
– Museums: 7.6%
– Cinemas, theatres, and concerts: 5.5%
Other recreational items:
– Games, toys, and hobbies: 2.6%
– Products for pets: 12.7%
– Garden products: 12.4%
– Veterinary and other services for pets: 12.4%
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