The UK’s annual core inflation rate eased to 3.1% in March 2026, slightly less than both market expectations and February’s 3.2% reading. Despite the softer headline, underlying price pressures gained traction, amid acceleration in both core services inflation (4.5% vs 4.3% in February) and goods inflation (2.1% vs 1.6%). On a monthly basis, core consumer prices rose 0.4%, falling short of forecasts of 0.5% and slowing from February’s 0.6% gain. Still, it marked a second consecutive monthly gain. source: Office for National Statistics

Core consumer prices in the United Kingdom increased 3.10 percent in March of 2026 over the same month in the previous year. Core Inflation Rate in the United Kingdom averaged 2.11 percent from 1997 until 2026, reaching an all time high of 7.10 percent in May of 2023 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 May of 2026.

Core consumer prices in the United Kingdom increased 3.10 percent in March of 2026 over the same month in the previous year. Core Inflation Rate in the United Kingdom is expected to be 3.50 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 2.00 percent in 2027, according to our econometric models.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-03-25 07:00 AM
Core Inflation Rate YoY
Feb 3.2% 3.1% 3.1% 3.1%
2026-04-22 06:00 AM
Core Inflation Rate YoY
Mar 3.1% 3.2% 3.2% 3.2%
2026-05-20 06:00 AM
Core Inflation Rate YoY
Apr 3.1%



Components Last Previous Unit Reference
PPI Output YoY 2.60 1.80 percent Mar 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 141.00 140.10 points Mar 2026
Core Consumer Prices 137.20 136.70 points Mar 2026
Core Inflation Rate YoY 3.10 3.20 percent Mar 2026
Core Producer Prices 141.80 141.60 points Mar 2026
CPI Clothing and Footwear 119.30 118.60 points Mar 2026
CPI Education 152.70 152.70 points Mar 2026
CPI Food and Non-Alcoholic Beverages 144.40 143.90 points Mar 2026
CPI Housing Utilities 150.50 149.30 points Mar 2026
CPI Recreation and Culture 135.40 135.10 points Mar 2026
CPI Hotels, Cafes and Restaurants 153.10 152.10 points Mar 2026
CPI Transportation 140.70 137.50 points Mar 2026
Food Inflation 3.70 3.30 percent Mar 2026
GDP Deflator 108.90 108.30 points Dec 2025
Inflation Rate YoY 3.30 3.00 percent Mar 2026
Inflation Rate MoM 0.70 0.40 percent Mar 2026
Producer Prices 145.00 143.70 points Mar 2026
Retail Price Index YoY 0.80 0.40 percent Mar 2026


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
3.10 3.20 7.10 -0.10 1997 - 2026 percent Monthly

News Stream
UK Core Inflation Rate Below Estimates
The UK’s annual core inflation rate eased to 3.1% in March 2026, slightly less than both market expectations and February’s 3.2% reading. Despite the softer headline, underlying price pressures gained traction, amid acceleration in both core services inflation (4.5% vs 4.3% in February) and goods inflation (2.1% vs 1.6%). On a monthly basis, core consumer prices rose 0.4%, falling short of forecasts of 0.5% and slowing from February’s 0.6% gain. Still, it marked a second consecutive monthly gain.
2026-04-22
UK Core Inflation Rate Edges Higher to 3.2%
The UK’s annual core inflation rate stood at 3.2% in February 2026, compared with market estimates and January's reading of 3.1%. Core services inflation eased slightly (4.3% vs 4.4% in January) while goods inflation held steady (at 1.6%). On a monthly basis, core consumer prices increased 0.6%, exceeding forecasts of 0.5% and reversing a 0.6% decline in January.
2026-03-25
UK Core Inflation Rate Lowest in Over 4 Years
The UK’s annual core inflation rate edged down to 3.1% in January 2026 from 3.2% in the previous two months, in line with market expectations. It marked the lowest reading since September 2021, as core goods inflation slowed notably (1.6% vs 2.2% in December), while services inflation eased slightly (4.4% vs 4.5%). On a monthly basis, core consumer prices fell 0.6%, reversing a 0.3% increase in December.
2026-02-18