The annual rate of inflation for Services was 1.3% in the year to December, while Goods increased by 1.0%. Services, excluding mortgage interest repayments, increased by 3.1% in the year since December 2011.
The most notable changes in the year were increases in Miscellaneous Goods & Services (+5.7%), Education (+4.7%), Transport (+4.2%) and Alcoholic Beverages & Tobacco (+2.7%). There were decreases in Communications (-5.4%), Furnishings, Household Equipment & Routine Household Maintenance (-2.7%) and Housing, Water, Electricity, Gas & Other Fuels (-1.9%). The most significant monthly price changes were increases in Restaurants & Hotels (+0.7%), Food & Non-Alcoholic Beverages (+0.6%) and Miscellaneous Goods & Services (+0.6%). There was a decrease in Clothing & Footwear (-1.3%).