|
Please find attached the latest LCI which shows an annual figure of 3.12% and a rolling 5 year average of 6.46%, based on an index figure of 132.28.
Summary of Cost Increases to 30 December 2007
| |
Increase |
Weighted |
| Labour |
3.20% |
1.28% |
| other Costs |
4.10% |
1.56% |
| |
|
|
| Transport |
20.00% |
0.84% |
| Energy |
-16.80% |
-0.84% |
| Water |
10.40% |
0.28% |
| |
|
3.12% |
|
|
| |
CPI |
LCI |
Index |
| 2003/2004 |
1.60% |
6.40% |
100 |
| 2004/2005 |
2.00% |
7.17% |
106.4 |
| 2005/2006 |
2.00% |
7.70% |
114.02 |
| 2006/2007 |
2.40% |
4.45% |
122.8 |
| 2007/2008 |
2.20% |
3.12% |
128.27 |
| |
|
|
132.28 |
| |
|
|
|
|
Weighted average calculated by assigning total cost increases according to economic model ratios
 |
Laundry costs far outstrip inflation
Laundry Price Index and Consumer Price Index compared |
| Source: TSA and the Office of National Statistics |
|
 |
Retail Price Index and Consumer Price Index |
| Source: Office of National Statistics
|
|
|