The annual inflation rate in the United Kingdom increased to 2.1 percent in April 2019 from 1.9 percent in the previous month but below market expectations of 2.2 percent. It was the highest inflation rate in four months, mainly boosted by a rise in energy bills as Britain's energy regulator increased a price cap on energy providers by 10 percent. Inflation Rate in the United Kingdom averaged 2.57 percent from 1989 until 2019, reaching an all time high of 8.50 percent in April of 1991 and a record low of -0.10 percent in April of 2015.

Inflation Rate in the United Kingdom is expected to be 1.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in the United Kingdom to stand at 2.10 in 12 months time. In the long-term, the United Kingdom Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

United Kingdom Inflation Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-13 09:30 AM Inflation Rate YoY 1.8% 2.1% 1.9% 2%
2019-03-20 09:30 AM Inflation Rate YoY 1.9% 1.8% 1.8% 1.8%
2019-04-17 08:30 AM Inflation Rate YoY 1.9% 1.9% 2% 1.9%
2019-05-22 08:30 AM Inflation Rate YoY 2.1% 1.9% 2.2% 1.8%
2019-06-19 08:30 AM Inflation Rate YoY 2.1%
2019-07-17 08:30 AM Inflation Rate YoY 1.8%
2019-08-14 08:30 AM Inflation Rate YoY



UK April Inflation Rate Below Forecasts at 2.1%

The annual inflation rate in the United Kingdom increased to 2.1 percent in April 2019 from 1.9 percent in the previous month but below market expectations of 2.2 percent. It was the highest inflation rate in four months, mainly boosted by a rise in energy bills as Britain's energy regulator increased a price cap on energy providers by 10 percent.

Year-on-year, prices went up further for housing, water, electricity, gas and other fuels (3.4 percent compared to 1.2 percent in March); transport (4.7 percent compared to 3.3 percent); miscellaneous goods and services (0.9 percent compared to 0.6 percent); and communication (4.6 percent compared to 3.7 percent). Meanwhile, cost eased for food and non-alcoholic beverages (0.7 percent compared to 0.8 percent); restaurants and hotels (2.4 percent compared to 2.8 percent); household equipment and maintenance (0.2 percent compared to 0.6 percent); recreation and culture (1.5 percent compared to 2.7 percent); health (2.3 percent compared to 2.5 percent); and alcoholic beverages and tobacco (3.9 percent compared to 5.2 percent). Additionally, cost of clothing and footwear fell at a faster pace (-1.9 percent compared to -1.6 percent) and inflation was steady for education (at 3.1 percent, the same as in March). 

The consumer prices index including owner occupiers’ housing costs (CPIH) rose to 2.0 percent in April from 1.8 percent in March.

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, advanced by 1.8 percent, the same as in March and slightly below market forecasts of 1.9 percent.

On a monthly basis, consumer prices rose 0.6 percent, after a 0.2 percent gain in the prior month but lower than market consensus of 0.7 percent. Prices advanced further for housing, water, electricity, gas and other fuels (2.5 percent compared to 0.1 percent); health (0.8 percent compared to 0.3 percent); communications (1.3 percent compared to 0.2 percent); and miscellaneous goods and services (0.4 percent compared to 0.2 percent). Also, cost of transport rebounded (2.4 percent compared to -0.1 percent). On the other hand, prices declined for food and non-alcoholic beverages (-0.3 percent compared to 0.1 percent in March); furniture and household equipment (-1.2 percent compared to 0.1 percent); and recreation and culture (-0.8 percent compared to 0.2 percent).


ONS | Stefanie Moya | stefanie.moya@tradingeconomics.com
5/22/2019 8:56:59 AM



United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 2.10 1.90 8.50 -0.10 percent [+]
Inflation Rate Mom 0.60 0.20 3.37 -0.94 percent [+]
Consumer Price Index CPI 107.60 107.00 107.60 48.40 Index Points [+]
Harmonised Consumer Prices 107.00 106.81 107.14 48.40 Index Points [+]
Core Consumer Prices 107.40 107.10 107.40 72.90 Index Points [+]
Core Inflation Rate 1.80 1.80 3.70 -0.10 percent [+]
GDP Deflator 105.28 104.79 105.28 4.24 Index Points [+]
Producer Prices Change 2.10 2.20 27.80 -1.90 percent [+]
Food Inflation 0.70 0.80 13.00 -3.30 percent [+]
Inflation Expectations 2.60 2.70 4.60 0.80 percent [+]
Producer Prices 115.50 115.20 115.50 8.10 Index Points [+]
Retail Price Index 3.00 2.40 26.90 -1.60 percent [+]
Core Producer Prices 114.00 113.80 114.00 89.80 Index Points [+]
CPI Housing Utilities 107.00 104.40 107.00 31.70 Index Points [+]
CPI Transportation 110.30 110.40 113.30 40.40 Index Points [+]


United Kingdom Inflation Rate

In the United Kingdom, the most important categories in the consumer price index are Transport (16 percent of the total weight) and Recreation and Culture (15 percent). Housing, Water, Electricity, Gas and Other Fuels accounts for 13 percent; Restaurants and Hotels for 12 percent and Food and Non-alcoholic Beverages for 10 percent. The index also includes: Miscellaneous Goods and Services (9 percent); Clothing and Footwear (7 percent); Furniture, Household Equipment and Maintenance (6 percent). Alcoholic Beverages and Tobacco; Health, Communication and Education account for remaining 11 percent of total weight. This page provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.10 1.90 8.50 -0.10 1989 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Apr/19
Australia 1.30 Mar/19
Brazil 4.94 Apr/19
Canada 2.00 Apr/19
China 2.50 Apr/19
Euro Area 1.70 Apr/19
France 1.30 Apr/19
Germany 2.00 Apr/19
India 2.92 Apr/19
Indonesia 2.83 Apr/19
Italy 1.10 Apr/19
Japan 0.50 Mar/19
Mexico 4.41 Apr/19
Netherlands 2.90 Apr/19
Russia 5.20 Apr/19
Saudi Arabia -1.90 Apr/19
Singapore 0.60 Mar/19
South Africa 4.40 Apr/19
South Korea 0.60 Apr/19
Spain 1.50 Apr/19
Switzerland 0.70 Apr/19
Turkey 19.50 Apr/19
United Kingdom 2.10 Apr/19
United States 2.00 Apr/19


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