The consumer price inflation in the UK slowed to 1.3 percent year-on-year in December 2019, the lowest reading since November 2016 and below market consensus of 1.5 percent, as prices rose at a softer pace for restaurants & hotels (1.6 percent vs 2.4 percent), transport (0.7 percent vs 0.9 percent), and food & non-alcoholic beverages (1.7 percent vs 2.1 percent). In addition, clothing & footwear prices dropped 0.8 percent, after being unchanged in November. The annual core inflation rate, which excludes energy, food, alcoholic beverages and tobacco, fell to 1.4 percent, also the lowest in nearly three years and below forecasts of 1.7 percent. Inflation Rate in the United Kingdom averaged 2.55 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. source: Office for National Statistics

Inflation Rate in the United Kingdom is expected to be 1.40 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 2.30 percent in 2020, according to our econometric models.

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United Kingdom Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
1.30 1.50 8.50 -0.10 1989 - 2019 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-10-16 08:30 AM Sep 1.7% 1.7% 1.8% 1.9%
2019-11-13 09:30 AM Oct 1.5% 1.7% 1.6% 1.6%
2019-12-18 09:30 AM Nov 1.5% 1.5% 1.4% 1.4%
2020-01-15 09:30 AM Dec 1.3% 1.5% 1.5% 1.5%
2020-02-19 09:30 AM Jan 1.3% 1.3%


News Stream
2019-12-18
UK Inflation Rate Unchanged at 3-Year Low
The consumer price inflation in the United Kingdom held steady at 1.5 percent year-on-year in November 2019, the lowest level since November 2016, but slightly above market expectations of 1.4 percent. The consumer prices index including owner occupiers’ housing costs (CPIH) increased 1.5 percent, the same as in the previous month. The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, held steady at 1.7 percent. On a monthly basis, consumer prices rose 0.2 percent, reversing a 0.2 percent decline in October and in line with market consensus.

2019-11-13
UK Inflation Rate Drops to Near 3-Year Low
The consumer price inflation in the United Kingdom fell to 1.5 percent year-on-year in October 2019 from 1.7 percent in the previous month and below market expectations of 1.6 percent. That was the lowest rate since November 2016, mainly due to a slowdown in housing & utilities prices as a regulator's tariff cap pushed down electricity and gas cost.

2019-10-16
UK September Inflation Rate Steady at Over 2-1/2-Year Low
The annual inflation rate in the United Kingdom was at 1.7 percent in September 2019, unchanged from the previous month and slightly below market expectations of 1.8 percent. It remained the lowest inflation rate since December 2016, amid a slowdown in cost of transport, as fuel prices dropped the most since August 2016.

2019-09-18
UK August Inflation Rate at Over 2-1/2-Year Low
The annual inflation rate in the United Kingdom fell to 1.7 percent in August 2019 from 2.1 percent in the previous month and below market expectations of 1.9 percent. It was the lowest inflation rate since December 2016, amid a slowdown in cost of transport and a fall in clothing & footwear prices.

2019-08-14
UK Inflation Rate Rises Above BoE Target
The consumer price inflation rate in the United Kingdom rose to 2.1 percent year-on-year in July 2019, beating market expectations of 1.9 percent and staying above the Bank of England's 2 percent target. Prices increased at a faster pace for recreation & culture and restaurants & hotels. The consumer prices index including owner occupiers’ housing costs (CPIH) rose 2 percent, faster than 1.9 percent in June. The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, advanced to 1.9 percent, the highest in six months. On a monthly basis, consumer prices were flat for the second straight month, defying market consensus of a 0.1 percent fall.

2019-07-17
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 & 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.


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.

United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.50 8.50 -0.10 percent [+]
Inflation Rate Mom 0.00 0.20 3.37 -0.94 percent [+]
Consumer Price Index CPI 108.50 108.50 108.50 48.40 points [+]
Harmonised Consumer Prices 108.50 108.55 108.55 48.40 points [+]
Core Consumer Prices 108.60 108.60 108.60 72.90 points [+]
Core Inflation Rate 1.40 1.70 3.70 -0.10 percent [+]
GDP Deflator 106.53 106.19 106.53 4.16 points [+]
Producer Prices Change 0.90 0.50 27.80 -1.90 percent [+]
Food Inflation 1.70 2.10 13.00 -3.30 percent [+]
Inflation Expectations 2.30 2.60 4.60 0.80 percent [+]
Producer Prices 115.80 115.80 116.20 8.10 points [+]
Retail Price Index 2.20 2.20 26.90 -1.60 percent [+]
Core Producer Prices 114.40 114.50 114.80 89.80 points [+]
CPI Housing Utilities 106.20 106.20 107.20 31.70 points [+]
CPI Transportation 112.10 111.40 114.90 40.40 points [+]