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. source: Office for National Statistics

Core consumer prices in the United Kingdom increased 3.10 percent in January of 2026 over the same month in the previous year. Core Inflation Rate in the United Kingdom averaged 2.10 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 March of 2026.

Core consumer prices in the United Kingdom increased 3.10 percent in January of 2026 over the same month in the previous year. Core Inflation Rate in the United Kingdom is expected to be 2.80 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
2026-01-21 07:00 AM
Core Inflation Rate YoY
Dec 3.2% 3.2% 3.2% 3.1%
2026-02-18 07:00 AM
Core Inflation Rate YoY
Jan 3.1% 3.2% 3.1% 3.0%
2026-03-25 07:00 AM
Core Inflation Rate YoY
Feb 3.1% 2.9%

Components Last Previous Unit Reference
PPI Output YoY 2.50 3.10 percent Jan 2026

Related Last Previous Unit Reference
Consumer Price Index CPI 139.50 140.10 points Jan 2026
Core Consumer Prices 135.90 136.70 points Jan 2026
Core Inflation Rate YoY 3.10 3.20 percent Jan 2026
Core Producer Prices 142.60 142.30 points Jan 2026
CPI Clothing and Footwear 117.90 122.00 points Jan 2026
CPI Education 152.70 152.70 points Jan 2026
CPI Food and Non-Alcoholic Beverages 143.90 144.10 points Jan 2026
CPI Housing Utilities 149.10 148.40 points Jan 2026
CPI Recreation and Culture 135.10 134.80 points Jan 2026
CPI Hotels, Cafes and Restaurants 150.60 151.70 points Jan 2026
CPI Transportation 136.70 139.20 points Jan 2026
Food Inflation 3.60 4.50 percent Jan 2026
GDP Deflator 108.90 108.30 points Dec 2025
Inflation Rate YoY 3.00 3.40 percent Jan 2026
Inflation Rate MoM -0.50 0.40 percent Jan 2026
Producer Prices 144.40 144.30 points Jan 2026
Retail Price Index YoY 3.80 4.20 percent Jan 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 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
UK Core Inflation Steady at 3.2%
The UK’s annual core inflation rate stood at 3.2% in December 2025, unchanged from the previous month and matching market expectations. The latest reading remained the lowest level since December 2024, even as price pressures picked up slightly across both goods (2.2% vs 2.1% in November) and services (4.5% vs 4.4%). On a monthly basis, core consumer prices increased 0.3%, rebounding from a 0.2% decline in November.
2026-01-21
UK Core Inflation Unexpectedly Below Estimates
The UK’s annual core inflation eased to 3.2% in November 2025, down from October's reading and less than market expectations of 3.4%. It marked the lowest level since December 2024. The slowdown was broad-based, with goods inflation easing (2.1% vs 2.6% in October) and services inflation edging down (4.4% vs 4.5%). On a monthly basis, core consumer prices fell 0.2%, reversing October’s 0.3% rise and posting the first decline since January.
2025-12-17