Core inflation rate in the United Kingdom which excludes energy, food, alcoholic beverages and tobacco fell to 1.4 percent in December of 2019 from 1.7 percent in November. It is the lowest core inflation rate since November of 2016 and below market expectations of 1.7 percent.
Core Inflation Rate in the United Kingdom averaged 1.64 percent from 1997 until 2019, reaching an all time high of 3.70 percent in April of 2011 and a record low of -0.10 percent in June of 2000. This page provides - United Kingdom Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. source: Office for National Statistics
Core Inflation Rate in the United Kingdom is expected to be 1.70 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Core Inflation Rate in the United Kingdom to stand at 2.00 in 12 months time. In the long-term, the United Kingdom Core Inflation Rate is projected to trend around 2.10 percent in 2020, according to our econometric models.