Consumer Prices Index, including owner occupiers’ housing costs (CPIH) y/y represents a change in prices of goods and services from the consumer perspective in the specified month compared to the same month of the previous year. The index evaluates a basket of goods and services, which account for a larger share of household expenditures. In contrast to the consumer price index, CPIH includes owner occupiers’ housing costs. CPI is one of the key measures of consumer sentiment and national inflation. CPI growth can be seen as positive for the pound quotes.
