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.


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United Kingdom Retail Price Index YoY

Actual Previous Highest Lowest Dates Unit Frequency
2.20 2.20 26.90 -1.60 1948 - 2019 percent Monthly
NSA



Calendar GMT Actual Previous Consensus TEForecast
2019-12-18 09:30 AM Retail Price Index MoM Nov 0.2% -0.2% 0.1% 0.0%
2019-12-18 09:30 AM Retail Price Index YoY Nov 2.2% 2.1% 2.1% 1.9%
2020-01-15 09:30 AM Retail Price Index YoY Dec 2.2% 2.2% 2.3% 2.2%
2020-01-15 09:30 AM Retail Price Index MoM Dec 0.3% 0.2% 0.4% 0.2%
2020-02-19 09:30 AM Retail Price Index YoY Jan 2.2% 1.8%


United Kingdom Retail Price Index YoY
In the UK, the RPI was initially developed as a compensation index, derived from an index designed as an aid to protect ordinary workers from price increases associated with the First World War. The RPI provides estimates of inflation from 1947 onwards with the first official release of consumer price inflation being produced in January 1956. Until the introduction of the UK CPI in 1996, the RPI and its derivatives, were the only measures of UK consumer price inflation available to users. Following a consultation on options for improving the Retail Prices Index (RPI), the National Statistician, Jil Matheson, concluded that one of the formulae used to produce the RPI does not meet international standards and recommended that a new index be published. The RPI covers only private households but excludes the top 4% of households by income and pensioner households who receive at least three-quarters of their income from benefits.

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 [+]