The annual inflation rate in the UK increased to 9.1% in May of 2021 from 9% in the previous month, the highest since 1982 and in line with market expectations. Cost accelerated for housing and utilities (19.4% vs 19.2%); transport (13.8% vs 13.5%); food & non-alcoholic beverages (8.6% vs 6.7%); furniture & household goods (10.5% vs 10.3%); and alcoholic beverages & tobacco (5% vs 4.4%). On the other hand, prices rose at a softer pace for restaurant & hotels (7.6% vs 7.9%); recreation & culture (5% vs 5.9%); health (1.8% vs 2.3%); and clothing & footwear (7% vs 8.3%). Meanwhile, inflation was steady for education (at 4.5%); communication (at 2.8%); and miscellaneous goods & services (at 2.9%). On a monthly basis, consumer prices went up 0.7%, above forecasts of 0.6%, with main upward pressure coming from food and non-food prices. source: Office for National Statistics

Inflation Rate in the United Kingdom averaged 2.56 percent from 1989 until 2022, reaching an all time high of 9.10 percent in May of 2022 and a record low of -0.10 percent in April of 2015. This page provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. United Kingdom Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Inflation Rate in the United Kingdom is expected to be 9.50 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Inflation Rate is projected to trend around 3.40 percent in 2023 and 1.50 percent in 2024, according to our econometric models.

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United Kingdom Inflation Rate



Calendar GMT Actual Previous Consensus TEForecast
2022-05-18 06:00 AM Apr 9% 7% 9.1% 8.9%
2022-06-22 06:00 AM May 9.1% 9% 9.1% 9.2%
2022-07-20 06:00 AM Jun 9.1% 9.1%


Related Last Previous Unit Reference
Inflation Rate 9.10 9.00 percent May 2022
Inflation Rate Mom 0.70 2.50 percent May 2022
Harmonised Consumer Prices 120.80 120.00 points May 2022
Consumer Price Index CPI 120.80 120.00 points May 2022
Core Inflation Rate 5.90 6.20 percent May 2022
Core Consumer Prices 117.70 117.10 points May 2022
GDP Deflator 108.40 106.53 points Mar 2022
Producer Prices Change 15.70 14.70 percent May 2022
Export Prices 113.40 113.10 points Apr 2018
Import Prices 111.40 111.30 points Apr 2018
Food Inflation 8.60 6.70 percent May 2022
Producer Price Inflation MoM 1.60 2.80 percent May 2022
Retail Price Index 11.70 11.10 percent May 2022
Producer Prices 129.40 126.60 points May 2022
CPI Transportation 133.80 132.90 points May 2022
CPI Housing Utilities 128.60 128.30 points May 2022
Core Producer Prices 129.50 127.70 points May 2022

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.
Actual Previous Highest Lowest Dates Unit Frequency
9.10 9.00 9.10 -0.10 1989 - 2022 percent Monthly

News Stream
UK Inflation Rate Rises to Fresh 40-Year High
The annual inflation rate in the UK increased to 9.1% in May of 2021 from 9% in the previous month, the highest since 1982 and in line with market expectations. Cost accelerated for housing and utilities (19.4% vs 19.2%); transport (13.8% vs 13.5%); food & non-alcoholic beverages (8.6% vs 6.7%); furniture & household goods (10.5% vs 10.3%); and alcoholic beverages & tobacco (5% vs 4.4%). On the other hand, prices rose at a softer pace for restaurant & hotels (7.6% vs 7.9%); recreation & culture (5% vs 5.9%); health (1.8% vs 2.3%); and clothing & footwear (7% vs 8.3%). Meanwhile, inflation was steady for education (at 4.5%); communication (at 2.8%); and miscellaneous goods & services (at 2.9%). On a monthly basis, consumer prices went up 0.7%, above forecasts of 0.6%, with main upward pressure coming from food and non-food prices.
2022-06-22
UK Inflation Rate Highest since 1982
Annual inflation rate in the UK jumped to 9% in April, the highest level since 1982, prompted by rising prices for electricity, gas and other fuels, motor fuels and second-hand cars, in another sign consumers' living standards continue to squeeze. It compares with a rate of 7% in March and forecasts of 9.1%. Biggest upward pressure came from cost of housing and utilities (19.2% vs 7.7%), following the increase in the Office of Gas and Electricity Markets cap on energy prices. Electricity prices soared 53.5%, gas 95.5% and liquid fuels 113.9%. Cost of transport also continued to increase (13.5% vs 13.4%), with average petrol prices reaching a record of 161.8 pence per litre in April, compared with 125.5 pence per litre a year earlier. The inflation also accelerated for restaurants and hotels (7.9% vs 6.9%) and food and non-alcoholic beverages (6.7% vs 5.9%). On a monthly basis, consumer prices jumped 2.5%.
2022-05-18
UK Inflation Rate Hits 7%, Highest since 1992
Annual inflation rate in the UK increased to 7% in March of 2022, the highest since March of 1992, from 6.2% in February. Figures came above forecasts of 6.7%, with the largest upward pressure coming from motor fuels and petrol costs, with prices mostly collected before the recent cut in fuel duty. Cost of transport (13.4% vs 11.5%) recorded the biggest increase, followed by furniture and household services (10.3% vs 9.1%), clothing and footwear (9.8% vs 8.9%), housing and utilities (7.7% vs 7.2%), restaurants and hotels (6.9% vs 5%) and food and non-alcoholic beverages (5.9% vs 5.1%). The British government already announced a fuel duty reduction of 5 pence per liter for 12 months starting from March 24th aiming to alleviate households but the inflation will likely stay high for some time and reduce the purchasing power parity as the war in Ukraine is far from over and energy costs remain elevated while global supply constraints persist.
2022-04-13