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. Inflation Rate in the United Kingdom averaged 2.58 percent from 1989 until 2018, 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.

Inflation Rate in the United Kingdom is expected to be 2.20 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in the United Kingdom to stand at 2.10 in 12 months time. In the long-term, the United Kingdom Inflation Rate is projected to trend around 2.00 percent in 2020, according to our econometric models.

United Kingdom Inflation Rate
width
height
Forecast Data Chart
Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices.

The Trading Economics Application Programming Interface (API) provides direct access to our data. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds.


Calendar GMT Actual Previous Consensus TEForecast
2018-09-19 08:30 AM Inflation Rate YoY 2.7% 2.5% 2.4% 2.7%
2018-10-17 08:30 AM Inflation Rate YoY 2.4% 2.7% 2.6% 2.5%
2018-11-14 09:30 AM Inflation Rate YoY 2.4% 2.4% 2.5% 2.6%
2018-12-19 09:30 AM Inflation Rate YoY 2.3% 2.4% 2.3% 2.3%
2019-01-16 09:30 AM Inflation Rate YoY 2.3% 2.20%
2019-02-13 09:30 AM Inflation Rate YoY
2019-03-20 09:30 AM Inflation Rate YoY



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.

Year-on-year, prices eased for transport (4.9 percent from 5.4 percent in October), namely operation of personal transport equipment (6.5 percent from 7.7 percent); food and non-alcoholic beverages (0.5 percent from 0.9 percent); housing, water, electricity, gas and other fuels (2.8 percent from 2.9 percent) and recreation and culture (2.5 percent from 3.2 percent). On the other hand, cost rose faster for restaurants and hotels (2.7 percent from 2.4 percent) and  miscellaneous goods and services (0.4 percent from a flat reading). Additionally, inflation was steady for furniture, household equipment and maintenance (at 0.7 percent, the same as in October) and cost of  clothing and footwear dropped less (-0.8 percent from -1.1 percent).

The consumer prices index including owner occupiers’ housing costs (CPIH) went up by 2.2 percent in October, the same as in October. 

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, rose by 1.8 percent, slowing from a 1.9 percent gain in October and in line with market consensus.

On a monthly basis, consumer prices advanced 0.2 percent, after rising 0.1 percent in the prior month and matching market forecasts. Prices rebounded for food and non-alcoholic beverages (0.1 percent from -0.2 percent in October); clothing and footwear (1.5 percent from -0.5 percent) and furniture and household equipment (0.2 percent from -0.1 percent). Meanwhile, prices continued to fall for transport (-0.4 percent, the same as in October).


ONS | Stefanie Moya | stefanie.moya@tradingeconomics.com
12/19/2018 10:01:43 AM



United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 2.30 2.40 8.50 -0.10 percent [+]
Inflation Rate Mom 0.20 0.10 3.37 -0.94 percent [+]
Consumer Price Index CPI 107.00 106.70 107.00 48.40 Index Points [+]
Harmonised Consumer Prices 106.74 106.65 106.74 48.40 Index Points [+]
Core Consumer Prices 106.80 106.50 106.80 72.90 Index Points [+]
Core Inflation Rate 1.80 1.90 3.70 -0.10 percent [+]
GDP Deflator 104.22 103.70 104.22 4.24 Index Points [+]
Producer Prices Change 3.10 3.30 27.80 -1.90 percent [+]
Food Inflation 0.50 0.90 13.00 -3.30 percent [+]
Inflation Expectations 3.20 3.00 4.40 1.50 percent [+]
Producer Prices 115.30 115.10 115.30 8.10 Index Points [+]
Core Producer Prices 113.20 113.10 113.20 89.80 Index Points [+]
CPI Housing Utilities 105.80 105.80 105.80 31.70 Index Points [+]
CPI Transportation 110.40 110.80 113.30 40.40 Index Points [+]


United Kingdom Inflation Rate

In the United Kingdom, the most important categories in the consumer price index are Transport (16 percent of the total weight) and Recreation and Culture (15 percent). Housing, Water, Electricity, Gas and Other Fuels accounts for 13 percent; Restaurants and Hotels for 12 percent and Food and Non-alcoholic Beverages for 10 percent. The index also includes: Miscellaneous Goods and Services (9 percent); Clothing and Footwear (7 percent); Furniture, Household Equipment and Maintenance (6 percent). Alcoholic Beverages and Tobacco; Health, Communication and Education account for remaining 11 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 December of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.30 2.40 8.50 -0.10 1989 - 2018 percent Monthly




Country Last Previous
Argentina 48.00 Nov/18
Australia 1.90 Sep/18
Brazil 4.05 Nov/18
Canada 2.40 Oct/18
China 2.20 Nov/18
Euro Area 1.90 Nov/18
France 1.90 Nov/18
Germany 2.30 Nov/18
India 2.33 Nov/18
Indonesia 3.23 Nov/18
Italy 1.60 Nov/18
Japan 1.40 Oct/18
Mexico 4.72 Nov/18
Netherlands 2.00 Nov/18
Russia 3.80 Nov/18
Saudi Arabia 2.40 Oct/18
Singapore 0.70 Oct/18
South Africa 5.20 Nov/18
South Korea 2.00 Nov/18
Spain 1.70 Nov/18
Switzerland 0.90 Nov/18
Turkey 21.62 Nov/18
United Kingdom 2.30 Nov/18
United States 2.20 Nov/18


Related

Latest