The annual inflation rate in the United Kingdom was at 2 percent in June 2019, unchanged from the previous month and matching market expectations. Cost of food and-non-alcoholic beverages rose further while prices slowed for transport and housing & utilities. Core inflation, excluding energy, food, alcohol and tobacco, increased to 1.8 percent from an over 2-year low of 1.7 percent in May. 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 1.90 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 1.90 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
2019-04-17 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% 2.1% 2% 2.1%
2019-07-17 08:30 AM Inflation Rate YoY 2% 2% 2% 2.1%
2019-08-14 08:30 AM Inflation Rate YoY 2% 2.2%
2019-09-18 08:30 AM Inflation Rate YoY
2019-10-16 08:30 AM Inflation Rate YoY 1.9%



UK June Inflation Rate Steady at 2%

The annual inflation rate in the United Kingdom was at 2 percent in June 2019, unchanged from the previous month and matching market expectations. Cost of food and-non-alcoholic beverages rose further while prices slowed for transport and housing & utilities.

Year-on-year, prices went up further for food and non-alcoholic beverages (1.6 percent vs 1 percent in May); furniture & household equipment (0.9 percent vs 0.6 percent); health (2.6 percent vs 2.5 percent); and alcoholic beverages & tobacco (3.7 percent vs 3.3 percent). Meanwhile, cost eased for transport (2.4 percent vs 2.8 percent); housing, water, electricity, gas and other fuels (2.8 percent vs 3.4 percent); restaurants and hotels (2.4 percent vs 2.8 percent); and communication (4.3 percent vs 4.9 percent). Additionally, inflation was steady for recreation and culture (at 1.8 percent, the same as in May);  miscellaneous goods and services (at 1.1 percent); and education (at 3.1 percent).

The consumer prices index including owner occupiers’ housing costs (CPIH) stood at 1.9 percent in June, unchanged from the prior month.

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, advanced to 1.8 percent from an over 2-year low of 1.7 percent in May.

On a monthly basis, consumer prices were flat, afer a 0.3 percent gain in May.


ONS | Stefanie Moya | stefanie.moya@tradingeconomics.com
7/17/2019 8:48:17 AM



United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 2.00 2.00 8.50 -0.10 percent [+]
Inflation Rate Mom 0.00 0.30 3.37 -0.94 percent [+]
Consumer Price Index CPI 107.90 107.90 107.90 48.40 Index Points [+]
Harmonised Consumer Prices 107.93 107.95 107.95 48.40 Index Points [+]
Core Consumer Prices 107.60 107.70 107.70 72.90 Index Points [+]
Core Inflation Rate 1.80 1.70 3.70 -0.10 percent [+]
GDP Deflator 105.25 104.79 105.25 4.24 Index Points [+]
Producer Prices Change 1.60 1.90 27.80 -1.90 percent [+]
Food Inflation 1.60 1.00 13.00 -3.30 percent [+]
Inflation Expectations 2.60 2.60 4.60 0.80 percent [+]
Producer Prices 115.80 115.90 115.90 8.10 Index Points [+]
Retail Price Index 2.90 3.00 26.90 -1.60 percent [+]
Core Producer Prices 114.20 114.10 114.20 89.80 Index Points [+]
CPI Housing Utilities 107.10 107.10 107.10 31.70 Index Points [+]
CPI Transportation 113.00 112.50 113.30 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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
2.00 2.00 8.50 -0.10 1989 - 2019 percent Monthly




Country Last Previous
Argentina 55.80 Jun/19
Australia 1.30 Mar/19
Brazil 3.37 Jun/19
Canada 2.00 Jun/19
China 2.70 Jun/19
Euro Area 1.30 Jun/19
France 1.20 Jun/19
Germany 1.60 Jun/19
India 3.18 Jun/19
Indonesia 3.28 Jun/19
Italy 0.70 Jun/19
Japan 0.70 May/19
Mexico 3.95 Jun/19
Netherlands 2.70 Jun/19
Russia 4.70 Jun/19
Saudi Arabia -1.50 May/19
Singapore 0.90 May/19
South Africa 4.50 May/19
South Korea 0.70 Jun/19
Spain 0.40 Jun/19
Switzerland 0.60 Jun/19
Turkey 15.72 Jun/19
United Kingdom 2.00 Jun/19
United States 1.60 Jun/19


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