United Kingdom Inflation Rate  1989-2017 | Data | Chart | Calendar

Consumer prices in the United Kingdom rose by 2.9 percent in the year to August 2017, beating market expectations of 2.8 percent and following a 2.6 percent gain in the previous month. Rising prices for clothing and motor fuels were the main contributors to the increase. The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, rose to 2.7 percent, also above market consensus of 2.5 percent. Inflation Rate in the United Kingdom averaged 2.58 percent from 1989 until 2017, reaching an all time high of 8.50 percent in April of 1991 and a record low of -0.10 percent in April of 2015.

United Kingdom Inflation Rate
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UK August Inflation Rate Higher than Expected


Consumer prices in the United Kingdom rose by 2.9 percent in the year to August 2017, beating market expectations of 2.8 percent and following a 2.6 percent gain in the previous month. Rising prices for clothing and motor fuels were the main contributors to the increase.

Year-on-year, prices rose further for: Clothing and footwear (4.6 percent, the biggest rise since the consumer price index was launched in 1997, from 3.2 percent in July); transport (3.2 percent from 3.1 percent in July), in particular fuels and lubricants (5.1 percent from 2 percent); furniture, household equipment and maintenance (4.2 percent from 3.8 percent); recreation and culture (1.8 percent from 1.4 percent); and restaurants and hotels (3.5 percent from 3.1 percent). Meanwhile, inflation was steady for housing, water, electricity, gas and other fuels (at 2.2 percent) and miscellaneous goods and services (at 1.9 percent); while prices increased at a softer pace for food and non-alcoholic beverages (2.1 percent from 2.6 percent in July) and health (2.6 percent from 2.7 percent).

The consumer prices index including owner occupiers’ housing costs (CPIH) rose by 2.7 percent in August, up from 2.6 percent in July.

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, rose to 2.7 percent in August, from 2.4 percent in the previous month and above market consensus of 2.5 percent.

On a monthly basis, consumer prices jumped 0.6 percent after falling 0.1 percent in July and beating market forecast of a 0.5 percent gain. Prices rose sharply for clothing and footwear (2.4 percent), fuels and lubricants (1.6 percent), furniture, household equipment and maintenance (1.8 percent), and communication (1.7 percent).

ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
9/12/2017 8:55:52 AM



Calendar GMT Actual Previous Consensus TEForecast
2017-07-18 08:30 AM Inflation Rate YoY 2.6% 2.9% 2.9% 2.7%
2017-08-15 08:30 AM Inflation Rate YoY 2.6% 2.6% 2.7% 2.8%
2017-09-12 08:30 AM Inflation Rate YoY 2.9% 2.6% 2.8% 2.8%
2017-10-17 08:30 AM Inflation Rate YoY 2.53%
2017-11-14 09:30 AM Inflation Rate YoY 2.53%
2017-12-12 09:30 AM Inflation Rate YoY 2.52%


United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 2.90 2.60 8.50 -0.10 percent [+]
Inflation Rate Mom 0.60 -0.10 3.37 -0.94 percent [+]
Harmonised Consumer Prices 103.79 103.22 103.79 48.40 Index Points [+]
Consumer Price Index CPI 103.79 103.20 103.79 48.40 Index Points [+]
Core Consumer Prices 104.32 103.70 104.32 72.90 Index Points [+]
Core Inflation Rate 2.70 2.40 3.70 -0.10 percent [+]
GDP Deflator 105.96 105.48 105.96 4.40 Index Points [+]
Producer Prices Change 3.40 3.20 27.80 -1.90 percent [+]
Export Prices 98.50 99.10 103.10 12.20 Index Points [+]
Import Prices 98.60 99.10 102.70 12.00 Index Points [+]
Food Inflation 2.10 2.60 13.00 -3.30 percent [+]
Producer Prices 110.90 110.50 110.90 8.10 Index Points [+]
Inflation Expectations 2.80 2.80 4.40 1.50 percent [+]
CPI Housing Utilities 102.37 102.30 102.37 31.70 Index Points [+]
CPI Transportation 106.77 105.70 106.77 40.40 Index Points [+]


United Kingdom Inflation Rate

In the United Kingdom, the most important categories in the consumer price index are Transport (16.2 percent of the total weight) and Housing, Water, Electricity, Gas and Other fuels (14.4 percent). Recreation and Culture accounts for 13.4 percent; Restaurants and Hotels for 11.4 percent and Food and Non-alcoholic Beverages for 11.2 percent. The index also includes: Miscellaneous Goods and Services (9.6 percent); Clothing and Footwear (6.5 percent); Furniture, Household Equipment and Maintenance (6.1 percent). Alcoholic Beverages and Tobacco; Health, Communication and Education account for remaining 11.2 percent of total weight. This page provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Inflation Rate - actual data, historical chart and calendar of releases - was last updated on September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.90 2.60 8.50 -0.10 1989 - 2017 percent Monthly




inflation rate by Country

Last
Australia 1.90 Jun/17
Brazil 2.46 Aug/17
Canada 1.20 Jul/17
China 1.80 Aug/17
Euro Area 1.50 Aug/17
France 0.90 Aug/17
Germany 1.80 Aug/17
India 3.36 Aug/17
Indonesia 3.82 Aug/17
Italy 1.20 Aug/17
Japan 0.40 Jul/17
Mexico 6.66 Aug/17
Netherlands 1.40 Aug/17
Russia 3.30 Aug/17
South Korea 2.60 Aug/17
Spain 1.60 Aug/17
Switzerland 0.50 Aug/17
Turkey 10.68 Aug/17
United Kingdom 2.90 Aug/17
United States 1.90 Aug/17