The annual inflation rate in the United Kingdom rose to 1.9 percent in February 2019 from 1.8 percent in the previous month and above market expectations of 1.8 percent. Prices went up further mainly due to food, alcohol and tobacco, and recreational and cultural goods. Inflation Rate in the United Kingdom averaged 2.58 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 1.70 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 2.00 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.