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Written question asked by Richard Holden (Conservative) on Thursday, 22 January 2026, in the House of Commons. It was due for an answer on Monday, 26 January 2026. It was answered by Lucy Rigby (Labour) on Wednesday, 28 January 2026 on behalf of the Treasury.


Consumer Prices Index

Question

To ask the Chancellor of the Exchequer, with reference to Chart 3.4 in the Office for Budget Responsibility’s Economic and Fiscal Outlook, what the annual percentage point contributions are to CPI inflation in each year by policy measure and output gap.

Answer

The contribution of each policy measure to CPI inflation in the Office for Budget Responsibility can be found in their supporting documents at the following link:

https://obr.uk/download/november-2025-economic-and-fiscal-outlook-charts-and-tables-chapter-3/?tmstv=1769169856

In total, the Office for Budget Responsibility forecast that Budget measures will reduce CPI inflation by 0.4pp in 2026/27, with the most significant impact coming from the reduction in energy bills.


Secondary information

Type
Written question
Reference
107775
Session
2024-26
Subjects
Consumer prices index
Link
View this Written question on www.parliament.uk