The Retail Prices Index (RPI) has risen to 8.2% in the year to February 2022, up from 7.8% last month, according to the latest official figures. The increase takes the RPI to its highest level since 1991. The Consumer Prices Index, including owner occupiers’ housing costs (CPIH), has risen to its highest level in 30 years, from 4.9% to 5.5% in the 12 months to February 2022. Meanwhile the Consumer Prices Index (CPI), which excludes housing and council tax, rose again, to 6.2% in the 12 months to February, up from 5.5% in January.
