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.

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United Kingdom Core Inflation Rate


United Kingdom Core Inflation Rate
In the United Kingdom, the core inflation rate tracks changes in prices that consumers pay for a basket of goods which excludes some volatile price items.
Actual Previous Highest Lowest Dates Unit Frequency
4.20 4.00 4.20 -0.10 1997 - 2021 percent Monthly

Calendar GMT Actual Previous Consensus TEForecast
2021-12-15 07:00 AM Nov 4.0% 3.4% 3.7% 4%
2022-01-19 07:00 AM Dec 4.2% 4.0% 3.9% 4%
2022-02-16 07:00 AM Jan 4.2% 4.3%


Related Last Previous Unit Reference
Inflation Rate 5.40 5.10 percent Dec/21
Inflation Rate Mom 0.50 0.70 percent Dec/21
Consumer Price Index CPI 115.10 114.50 points Dec/21
Harmonised Consumer Prices 115.05 114.48 points Dec/21
Core Inflation Rate 4.20 4.00 percent Dec/21
Core Consumer Prices 114.80 114.20 points Dec/21
GDP Deflator 105.91 105.72 points Sep/21
Producer Prices Change 9.30 9.40 percent Dec/21
Export Prices 113.40 113.10 points Apr/18
Import Prices 111.40 111.30 points Apr/18
Food Inflation 4.20 2.50 percent Dec/21
Retail Price Index 7.50 7.10 percent Dec/21
Producer Prices 118.80 118.50 points Dec/21
CPI Transportation 127.80 126.50 points Dec/21
CPI Housing Utilities 112.10 112.00 points Dec/21
Core Producer Prices 120.20 119.50 points Dec/21