Britain's consumer price inflation slowed to 0.8% year-on-year in April 2020, from 1.5% in the previous month and slightly below market expectations of 0.9%. That was the lowest rate since August 2016, mainly due to falls in housing & utilities (-1.1% vs 1.7%), led by cost of regulated water supply, gas and electricity after the authorities introduced energy price caps. Other downward contribution came from cost of motor fuels with petrol prices falling by 10.4 pence per litre between March and April after international oil prices plunged to historical low levels. Transportation services also declined (-1% vs 1.3%) as the country imposed a coronavirus lockdown from March 23rd. In addition, inflation slowed for miscellaneous goods and services (1.3% vs 2.5%) and was steady for food and non-alcoholic beverages (at 1.3%). The CPI including owner occupiers’ housing costs inflation rate was 0.9%n in April, down from 1.5% in March.

Inflation Rate in the United Kingdom averaged 2.54 percent from 1989 until 2020, 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. This page provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on May of 2020. source: Office for National Statistics

Inflation Rate in the United Kingdom is expected to be 1.20 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 1.60 in 12 months time. In the long-term, the United Kingdom Inflation Rate is projected to trend around 1.70 percent in 2021 and 1.90 percent in 2022, according to our econometric models.

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United Kingdom Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.80 1.50 8.50 -0.10 1989 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-02-19 09:30 AM Jan 1.8% 1.3% 1.6% 1.4%
2020-03-25 07:00 AM Feb 1.7% 1.8% 1.7% 1.5%
2020-04-22 06:00 AM Mar 1.5% 1.7% 1.5% 1.3%
2020-05-20 06:00 AM Apr 0.8% 1.5% 0.9% 0.8%
2020-06-17 06:00 AM May
2020-07-15 06:00 AM Jun 1.2%
2020-08-19 06:00 AM Jul
2020-09-16 06:00 AM Aug


News Stream
UK Inflation Rate Eases to 3-1/2-Year Low
Britain's consumer price inflation slowed to 0.8% year-on-year in April 2020, from 1.5% in the previous month and slightly below market expectations of 0.9%. That was the lowest rate since August 2016, mainly due to falls in housing & utilities (-1.1% vs 1.7%), led by cost of regulated water supply, gas and electricity after the authorities introduced energy price caps. Other downward contribution came from cost of motor fuels with petrol prices falling by 10.4 pence per litre between March and April after international oil prices plunged to historical low levels. Transportation services also declined (-1% vs 1.3%) as the country imposed a coronavirus lockdown from March 23rd. In addition, inflation slowed for miscellaneous goods and services (1.3% vs 2.5%) and was steady for food and non-alcoholic beverages (at 1.3%). The CPI including owner occupiers’ housing costs inflation rate was 0.9%n in April, down from 1.5% in March.
2020-05-20
UK Inflation Rate Edges Down to 1.5%
Annual inflation rate in the United Kingdom eased to 1.5% in March of 2020 from 1.7% in February with the prices of motor fuels and clothing making the largest downward contribution. Petrol prices went down by 5.1 pence per litre between February and March, the largest monthly drop since December of 2018; and the cost of clothing and footwear declined 1.2% due to sales. Inflation also eased for recreation and culture (1.3% vs 1.4%), housing and utilities (1.7% vs 1.8% in February) and restaurants and hotels (2.1% vs 2.5%). On the other hand, rises in air fares produced the largest upward contribution to the CPI and the prices of food rose slightly faster (1.3% vs 1.2%). On a monthly basis, consumer prices were flat, after rising 0.4% in February and matching forecasts. The British economy was shut down on March 23rd due to the coronavirus pandemic so the effects of the disease on consumer inflation will be seen in the April report only.
2020-04-22
UK Inflation Rate Eases to 1.7% in February
The consumer price inflation in the UK edged down to 1.7 percent year-on-year in February 2020 from 1.8 percent in the previous month and in line with market expectations. Prices increased at a softer pace for recreation & culture (1.4 percent vs 1.5 percent in January), housing & utilities (1.8 percent vs 2.0 percent), and food & non-alcoholic beverages (1.2 percent vs 1.4 percent). On the other hand, inflation was flat for transport (at 1.8 percent) and miscellaneous goods & services (at 2.4 percent), while picked up for restaurants & hotels (2.5 percent vs 2.2 percent). The core consumer price inflation, which excludes energy, food, alcoholic beverages and tobacco, increased to 1.7 percent, above market consensus of 1.5 percent.
2020-03-25
UK Inflation Rate Way Above Forecasts
The annual inflation rate in the United Kingdom jumped to 1.8% in January of 2020 from 1.3% in December and above market expectations of 1.6%. It is the highest reading in six months, mainly boosted by prices of transport (1.8% vs 0.7% in December), namely airfares (0.9% vs -8.5%); fuels and lubricants (4.7% vs 1%, the biggest rise since November 2018); housing and utilities (2% vs 0.4%), namely electricity (8.6% vs 3.3%); restaurants and hotels (2.2% vs 1.6%); and miscellaneous goods and services (2.4% vs 2.2%). Also, prices rebounded for clothing and footwear (0.2% vs -0.8%). In contrast, inflation eased for food and non-alcoholic beverages (1.4% vs 1.7%) and was steady for recreation and culture (1.5%). Core inflation which excludes energy, fuel, alcohol and tobacco, rose to 1.6% from 1.4% in December.
2020-02-19

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.