UK out of deflation
16th June 2015

The UK emerged from its brief period of deflation in May, according to figures released today.

The Office for National Statistics said the Consumer Prices Index (CPI) rose by 0.1% in the year to May 2015, compared with a 0.1% fall in the year to April.

Transport services provided the largest upward contribution to the figures, notably air fares with the timing of Easter in April a likely factor in the movement. There were also significant upward effects from food and motor fuels.

The largest factor helping to offset the rises came from the recreation and culture sector, particularly games, toys and hobbies (such as computer games) and data processing equipment.