Cost of food in the United Kingdom increased 0.40 percent in August of 2020 over the same month in the previous year. It is the lowest food inflation since February of 2017.
Food Inflation in the United Kingdom averaged 2.47 percent from 1989 until 2020, reaching an all time high of 13 percent in August of 2008 and a record low of -3.30 percent in February of 2015. This page provides the latest reported value for - United Kingdom Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Food Inflation - values, historical data and charts - was last updated on September of 2020. source: Office for National Statistics
Food Inflation in the United Kingdom is expected to be 0.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Food Inflation in the United Kingdom to stand at 1.20 in 12 months time. In the long-term, the United Kingdom Food Inflation is projected to trend around 1.50 percent in 2021 and 1.90 percent in 2022, according to our econometric models.