The retail price index in the UK increased 2.2 percent year-on-year in December of 2019, the same as in the previous month and below expectations of 2.3 percent. Retail Price Index in the United Kingdom averaged 5.31 percent from 1948 until 2019, reaching an all time high of 26.90 percent in August of 1975 and a record low of -1.60 percent in June of 2009. source: Office for National Statistics
Retail Price Index 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 Retail Price Index in the United Kingdom to stand at 2.20 in 12 months time. In the long-term, the United Kingdom Retail Price Index YoY is projected to trend around 2.50 percent in 2020, according to our econometric models.