Commission on Living Standards

Resolution Foundation

Headline inflation may have been low from 1993 to 2009 but, even in this time, changes in the relative prices of different goods altered the profile of households’ living costs beyond recognition. Transport costs rose 115 percent from 1988 to 2010 while clothing costs fell by 50 percent. A generation rich in housing and relatively poor in consumer goods has been replaced by one that is relatively rich in consumption and housing-poor.

Top ten subcategories of CPI inflation since 2005

Top ten subcategories of CPI inflation since 2005

Source: ONS category-level inflation (at the level of D7D

Read more about these issues in the reports to the Commission on Living Standards