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UK Inflation Rate Falls to 4-Year Low in May
Britain's consumer price inflation dropped to 0.5 percent year-on-year in May, from 0.8 percent in the previous month and in line with market expectations. That was the lowest rate since June 2016, as the coronavirus pandemic hit demand and oil prices. There was a sharp decline in prices for transport (-1.7 percent vs -1.0 percent) in particular motor fuels (-16.7 percent vs -12.2 percent) and a slowdown in cost for a variety of recreational and cultural goods (2.0 percent vs 2.6 percent), restaurants and hotels (2.0 percent vs 2.4 percent) and miscellaneous goods and services (1.1 percent vs 1.3 percent). Additional downward pressure came from housing and utilities (-1.2 percent vs -1.1 percent) amid reduced household utility bills, and clothing and footwear (-3.1 percent vs -2.9 percent). At the same time, rising prices for food and non-alcoholic drinks resulted in a partially offsetting upward contribution to change (1.8 percent vs 1.3 percent).
Published on 2020-06-17

UK Inflation Rate Eases to 3-1/2-Year Low
Britain's consumer price inflation slowed to 0.8% year-on-year in April 2020, from 1.5% in the previous month and slightly below market expectations of 0.9%. That was the lowest rate since August 2016, mainly due to falls in housing & utilities (-1.1% vs 1.7%), led by cost of regulated water supply, gas and electricity after the authorities introduced energy price caps. Other downward contribution came from cost of motor fuels with petrol prices falling by 10.4 pence per litre between March and April after international oil prices plunged to historical low levels. Transportation services also declined (-1% vs 1.3%) as the country imposed a coronavirus lockdown from March 23rd. In addition, inflation slowed for miscellaneous goods and services (1.3% vs 2.5%) and was steady for food and non-alcoholic beverages (at 1.3%). The CPI including owner occupiers’ housing costs inflation rate was 0.9%n in April, down from 1.5% in March.
Published on 2020-05-20

UK Inflation Rate Edges Down to 1.5%
Annual inflation rate in the United Kingdom eased to 1.5% in March of 2020 from 1.7% in February with the prices of motor fuels and clothing making the largest downward contribution. Petrol prices went down by 5.1 pence per litre between February and March, the largest monthly drop since December of 2018; and the cost of clothing and footwear declined 1.2% due to sales. Inflation also eased for recreation and culture (1.3% vs 1.4%), housing and utilities (1.7% vs 1.8% in February) and restaurants and hotels (2.1% vs 2.5%). On the other hand, rises in air fares produced the largest upward contribution to the CPI and the prices of food rose slightly faster (1.3% vs 1.2%). On a monthly basis, consumer prices were flat, after rising 0.4% in February and matching forecasts. The British economy was shut down on March 23rd due to the coronavirus pandemic so the effects of the disease on consumer inflation will be seen in the April report only.
Published on 2020-04-22

UK Inflation Rate Eases to 1.7% in February
The consumer price inflation in the UK edged down to 1.7 percent year-on-year in February 2020 from 1.8 percent in the previous month and in line with market expectations. Prices increased at a softer pace for recreation & culture (1.4 percent vs 1.5 percent in January), housing & utilities (1.8 percent vs 2.0 percent), and food & non-alcoholic beverages (1.2 percent vs 1.4 percent). On the other hand, inflation was flat for transport (at 1.8 percent) and miscellaneous goods & services (at 2.4 percent), while picked up for restaurants & hotels (2.5 percent vs 2.2 percent). The core consumer price inflation, which excludes energy, food, alcoholic beverages and tobacco, increased to 1.7 percent, above market consensus of 1.5 percent.
Published on 2020-03-25

UK Inflation Rate Way Above Forecasts
The annual inflation rate in the United Kingdom jumped to 1.8% in January of 2020 from 1.3% in December and above market expectations of 1.6%. It is the highest reading in six months, mainly boosted by prices of transport (1.8% vs 0.7% in December), namely airfares (0.9% vs -8.5%); fuels and lubricants (4.7% vs 1%, the biggest rise since November 2018); housing and utilities (2% vs 0.4%), namely electricity (8.6% vs 3.3%); restaurants and hotels (2.2% vs 1.6%); and miscellaneous goods and services (2.4% vs 2.2%). Also, prices rebounded for clothing and footwear (0.2% vs -0.8%). In contrast, inflation eased for food and non-alcoholic beverages (1.4% vs 1.7%) and was steady for recreation and culture (1.5%). Core inflation which excludes energy, fuel, alcohol and tobacco, rose to 1.6% from 1.4% in December.
Published on 2020-02-19

UK Inflation Rate Drops Unexpectedly to 3-Year Low
The consumer price inflation in the UK slowed to 1.3 percent year-on-year in December 2019, the lowest reading since November 2016 and below market consensus of 1.5 percent, as prices rose at a softer pace for restaurants & hotels (1.6 percent vs 2.4 percent), transport (0.7 percent vs 0.9 percent), and food & non-alcoholic beverages (1.7 percent vs 2.1 percent). In addition, clothing & footwear prices dropped 0.8 percent, after being unchanged in November. The annual core inflation rate, which excludes energy, food, alcoholic beverages and tobacco, fell to 1.4 percent, also the lowest in nearly three years and below forecasts of 1.7 percent.
Published on 2020-01-15

UK Inflation Rate Unchanged at 3-Year Low
The consumer price inflation in the United Kingdom held steady at 1.5 percent year-on-year in November 2019, the lowest level since November 2016, but slightly above market expectations of 1.4 percent. The consumer prices index including owner occupiers’ housing costs (CPIH) increased 1.5 percent, the same as in the previous month. The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, held steady at 1.7 percent. On a monthly basis, consumer prices rose 0.2 percent, reversing a 0.2 percent decline in October and in line with market consensus.
Published on 2019-12-18

UK Inflation Rate Drops to Near 3-Year Low
The consumer price inflation in the United Kingdom fell to 1.5 percent year-on-year in October 2019 from 1.7 percent in the previous month and below market expectations of 1.6 percent. That was the lowest rate since November 2016, mainly due to a slowdown in housing & utilities prices as a regulator's tariff cap pushed down electricity and gas cost.
Published on 2019-11-13

UK September Inflation Rate Steady at Over 2-1/2-Year Low
The annual inflation rate in the United Kingdom was at 1.7 percent in September 2019, unchanged from the previous month and slightly below market expectations of 1.8 percent. It remained the lowest inflation rate since December 2016, amid a slowdown in cost of transport, as fuel prices dropped the most since August 2016.
Published on 2019-10-16

UK August Inflation Rate at Over 2-1/2-Year Low
The annual inflation rate in the United Kingdom fell to 1.7 percent in August 2019 from 2.1 percent in the previous month and below market expectations of 1.9 percent. It was the lowest inflation rate since December 2016, amid a slowdown in cost of transport and a fall in clothing & footwear prices.
Published on 2019-09-18

UK Inflation Rate Rises Above BoE Target
The consumer price inflation rate in the United Kingdom rose to 2.1 percent year-on-year in July 2019, beating market expectations of 1.9 percent and staying above the Bank of England's 2 percent target. Prices increased at a faster pace for recreation & culture and restaurants & hotels. The consumer prices index including owner occupiers’ housing costs (CPIH) rose 2 percent, faster than 1.9 percent in June. The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, advanced to 1.9 percent, the highest in six months. On a monthly basis, consumer prices were flat for the second straight month, defying market consensus of a 0.1 percent fall.
Published on 2019-08-14

UK June Inflation Rate Steady at 2%
The annual inflation rate in the United Kingdom was at 2 percent in June 2019, unchanged from the previous month and matching market expectations. Cost of food & non-alcoholic beverages rose further while prices slowed for transport and housing & utilities. Core inflation, excluding energy, food, alcohol and tobacco, increased to 1.8 percent from an over 2-year low of 1.7 percent in May.
Published on 2019-07-17

UK Inflation Rate Falls to 2% in May
The inflation rate in the United Kingdom edged down to 2.0 percent year-on-year in May 2019 from a four-month high of 2.1 percent in the previous month and in line with market expectations. Core inflation, excluding energy, food, alcohol and tobacco, dropped to 1.7 percent, the lowest annual rate since January 2017.
Published on 2019-06-19

UK April Inflation Rate Below Forecasts at 2.1%
The annual inflation rate in the United Kingdom increased to 2.1 percent in April 2019 from 1.9 percent in the previous month but below market expectations of 2.2 percent. It was the highest inflation rate in four months, mainly boosted by a rise in energy bills as Britain's energy regulator increased a price cap on energy providers by 10 percent.
Published on 2019-05-22

UK Annual Inflation Rate Steady at 1.9% in March
The annual inflation rate in the United Kingdom was at 1.9 percent in March 2019, unchanged from the previous month and below market expectations of 2 percent. Prices slowed for food and-non-alcoholic beverages while cost of transport rose further and inflation was steady for housing and utilities.
Published on 2019-04-17

UK February Inflation Rate Above Forecasts at 1.9%
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.
Published on 2019-03-20

UK January Inflation Rate at 2-Year Low of 1.8%
The annual inflation rate in the United Kingdom fell to 1.8 percent in January 2019 from 2.1 percent in the previous month and below market expectations of 1.9 percent. It was the lowest inflation rate since January 2017, mostly due to a slowdown in cost of electricity, gas and other fuels.
Published on 2019-02-13

UK Annual Inflation Rate at 23-Month Low of 2.1%
The annual inflation rate in the United Kingdom declined to 2.1 percent in December 2018 from 2.3 percent in the previous month, in line with market expectations. It was the lowest inflation rate since January 2017, mostly due to lower cost of petrol and air fares.
Published on 2019-01-16

UK Annual Inflation Rate at 20-Month Low in November
The annual inflation rate in the United Kingdom fell to 2.3 percent in November 2018 from 2.4 percent in the previous month, in line with market expectations. It was the lowest inflation rate since March last year, mainly due to a slowdown in cost of transport; food and non-alcoholic beverages and recreation and culture.
Published on 2018-12-19

UK Inflation Rate Below Forecasts at 2.4%
Annual inflation rate in the United Kingdom was flat at 2.4 percent in October of 2018, the same as in September but below market expectations of 2.5 percent. Prices slowed for transport and food but rose faster for housing and utilities and recreation and culture.
Published on 2018-11-14