12 June 2001, 12:38  UK May retail price index-OVERVIEW and SNAPSHOTS

-UK May RPIX up 0.8% on mo; up 2.4% on yr
--UK May RPI up 0.6% on mo; up 2.1% on yr
--UK May RPIY up 0.9% on mo; up 2.8% on yr
--UK May RPIX well above market expectations
--Largest up effect on UK May RPI from seasonal food, petrol
--UK May service sector inflation up 4.0% on yr; goods up 0.7%
--UK May HICP up 1.7% on year
--Seasonal food adds 0.18 pct pts to UK May RPI yearly rate
--Petrol, oil adds 0.14 pct pts to UK May RPI yearly rate
--Further small up effects on UK May RPI in most categories
--UK May RPIX yearly rate highest since March 1999
--ONS: UK May food prices monthly rise highest since Jan 1982
--UK May seasonal food prices up 24.5% on yr, highest since May '84
--ONS: UK May food prices affected by poor weather, not foot/mouth

London, June 12 (BridgeNews) - A surge in food prices in May pushed UK inflation up to levels not seen for two years, the Office for National Statistics said on Tuesday. The figures had not been expected by the markets.
RPIX, the target measure of inflation, rose by 0.8% on the month and 2.4% on the year, well above forecasts of a 0.3% monthly rise and 2.0% yearly rise.
Higher petrol costs were also a significant factor in the increase, the ONS said.

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