The latest figures released by the Office for National Statistics show consumer prices in quarter 3 2015 slightly dipped to 80.9 (compared to the 2005 long-term average of 100) continuing to follow a long term trend at this level.
Figure 1: Consumer Price Index for Clothing and Footwear and CPI All Item Index
Source: Office for National Statistics
The all item index has also showed stability over the short-term with low oil prices continuing to see prices remain steady. Interestingly, consumer prices for all items has increased by almost 30 per cent since 2005 in comparison to clothing and footwear which has fallen almost 20 per cent in the same time frame.
