Core consumer prices in the United Kingdom which exclude energy, food, alcohol and tobacco increased 4.20 percent year-on-year in December of 2021, above market forecasts of 3.9% and compared to 4% in November. It is the highest reading since at least 1997. source: Office for National Statistics
Core Inflation Rate in the United Kingdom averaged 1.66 percent from 1997 until 2021, reaching an all time high of 4.20 percent in December of 2021 and a record low of -0.10 percent in June of 2000. This page provides - United Kingdom Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Core Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on January of 2022.
Core Inflation Rate in the United Kingdom is expected to be 4.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Core Inflation Rate is projected to trend around 2.30 percent in 2023 and 2.00 percent in 2024, according to our econometric models.