How the rate of UK inflation has been measured by three main indices since 1950

Consumer prices index (CPI)

CPIH (CPI adjusted for housing costs)

Retail prices index (RPI)

30%

Korean war

First and second

oil shocks

20

First Gulf war

10

0

Global financial crisis

-10

1960

1980

2000

2020

CPIH (CPI adjusted for housing costs)

Retail prices index (RPI)

Consumer prices index (CPI)

30%

Korean war

First and second

oil shocks

20

First Gulf war

10

0

Global financial crisis

-10

1960

1980

2000

2020