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

Inflation rate in the United Kingdom remained at more than 5 year high of 3 percent in October of 2017. The figure came slightly below market expectations of 3.1 percent as the rise in cost of food and non-alcoholic beverages and health was offset by a slower growth in prices of transportation, furniture and communication. 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
width
height
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.




UK Inflation Rate Remains at 5-Year High


Consumer prices in the UK increased 3 percent yoy in October, the same as in September and below expectations of 3.1 percent. Still, it was the highest inflation rate since March 2012, with prices of food, housing, utilities and recreational goods making the biggest upward contribution.

Year-on-year, prices rose faster for housing and utilities (2.3 percent compared to 2.1 percent in September); recreation and culture (2.8 percent compared to 2.5 percent); food and non-alcoholic beverages (4 percent compared to 3 percent, the highest in four years) and health (3.4 percent compared to 2.4 percent). On the other hand, the inflation was steady for restaurants and hotels (3.1 percent); alcoholic beverages and tobacco (4.3 percent) and a slowdown was seen for transport (4 percent compared to 4.2 percent); miscellaneous goods and services (0.9 percent compared to 1.4 percent); clothing and footwear (3.2 percent compared to 3.3 percent); furniture, household equipment and maintenance (3.1 percent compared to 4 percent); communication (1.7 percent compared to 2 percent) and education (2.8 percent compared to 2.9 percent). 

On a monthly basis, consumer prices edged up 0.1 percent, below 0.3 percent in September and forecasts of 0.2 percent. Rising prices for food and, to a lesser extent, recreational goods provided the largest upward contributions, which were offset by falling motor fuel and furniture prices, along with owner occupiers’ housing costs, which remained unchanged. 

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, stood at 2.7 percent in October, unchanged from the previous month's five-year high and below market consensus of 2.8 percent.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
11/14/2017 10:37:30 AM



Calendar GMT Actual Previous Consensus TEForecast
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 3% 2.9% 3.0% 3.1%
2017-11-14 09:30 AM Inflation Rate YoY 3.0% 3% 3.1% 3.2%
2017-12-12 09:30 AM Inflation Rate YoY 3.0% 3%


United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 3.00 3.00 8.50 -0.10 percent [+]
Inflation Rate Mom 0.10 0.30 3.37 -0.94 percent [+]
Harmonised Consumer Prices 104.10 103.79 104.10 48.40 Index Points [+]
Consumer Price Index CPI 104.20 104.10 104.20 48.40 Index Points [+]
Core Consumer Prices 104.60 104.60 104.60 72.90 Index Points [+]
Core Inflation Rate 2.70 2.70 3.70 -0.10 percent [+]
GDP Deflator 103.94 103.49 103.94 4.30 Index Points [+]
Producer Prices Change 2.80 3.30 27.80 -1.90 percent [+]
Export Prices 112.10 111.90 112.10 12.20 Index Points [+]
Import Prices 110.30 110.10 110.30 12.00 Index Points [+]
Food Inflation 4.00 3.00 13.00 -3.30 percent [+]
Inflation Expectations 2.80 2.80 4.40 1.50 percent [+]
Producer Prices 111.30 111.10 111.30 8.10 Index Points [+]
CPI Housing Utilities 102.80 102.40 102.80 31.70 Index Points [+]
CPI Transportation 105.20 105.30 106.77 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 November of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
3.00 3.00 8.50 -0.10 1989 - 2017 percent Monthly




inflation rate by Country
Country Last
Australia 1.80 Sep/17
Brazil 2.70 Oct/17
Canada 1.40 Oct/17
China 1.90 Oct/17
Euro Area 1.40 Oct/17
France 1.10 Oct/17
Germany 1.60 Oct/17
India 3.58 Oct/17
Indonesia 3.58 Oct/17
Italy 1.00 Oct/17
Japan 0.70 Sep/17
Mexico 6.37 Oct/17
Netherlands 1.30 Oct/17
Russia 2.70 Oct/17
South Korea 1.80 Oct/17
Spain 1.60 Oct/17
Switzerland 0.70 Oct/17
Turkey 11.90 Oct/17
United Kingdom 3.00 Oct/17
United States 2.00 Oct/17