United Kingdom Inflation Rate  1989-2018 | Data | Chart | Calendar

The rate of inflation in the UK fell to 2.5 percent in March 2018 from 2.7 percent in the previous month and below market expectations of 2.7 percent. It was the lowest rate since March last year, as prices rose at a softer pace for housing & utilities, clothing & footwear and furniture & household equipment, while cost of miscellaneous goods & services declined. 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.

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 Eases to a Year-Low in March


The rate of inflation in the UK fell to 2.5 percent in March 2018 from 2.7 percent in the previous month and below market expectations of 2.7 percent. It was the lowest rate since March last year.

Year-on-year, prices rose at a slower pace for: housing, water, electricity, gas and other fuels (2.1 percent vs 2.2 percent in February); clothing and footwear (2.5 percent vs 3.9 percent); and furniture, household equipment and maintenance (2.5 percent vs 3.4 percent). In addition, miscellaneous goods and services prices fell 0.1 percent, following a 0.8 percent increase in the previous month, due to a decline in cost of personal care (-1.6 percent vs -0.4 percent), financial services (-3 percent vs -2.8 percent) and other services (-1.9 percent, the same as in February).

Meanwhile, inflation was unchanged for restaurants and hotels (at 2.5 percent) and food and non-alcoholic beverages (at 3 percent); and picked up for transport (3 percent vs 2.8 percent) and recreation and culture (3.3 percent vs 3 percent).

The consumer prices index including owner occupiers’ housing costs (CPIH) rose by 2.3 percent in March, easing from a 2.5 percent increase in February.

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, declined to 2.3 percent in March from 2.4 percent in February, also below market consensus of 2.5 percent. It was the lowest rate in one year.

On a monthly basis, consumer prices edged up 0.1 percent in March after increasing 0.4 percent in February, and compared with expectations of a 0.3 percent gain. Prices rose for recreation and culture (0.6 percent), restaurants and hotels (0.3 percent), housing and utilities (0.1 percent) and food and non-alcoholic beverages (0.4 percent).



ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
4/18/2018 9:05:18 AM



Calendar GMT Actual Previous Consensus TEForecast
2018-02-13 09:30 AM Inflation Rate YoY 3% 3% 2.9% 3%
2018-03-20 09:30 AM Inflation Rate YoY 2.7% 3% 2.8% 2.9%
2018-04-18 08:30 AM Inflation Rate YoY 2.5% 2.7% 2.7% 2.8%
2018-05-23 08:30 AM Inflation Rate YoY 2.5% 2.6%
2018-06-13 08:30 AM Inflation Rate YoY 2.5%
2018-07-18 08:30 AM Inflation Rate YoY 2.5%


United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 2.50 2.70 8.50 -0.10 percent [+]
Inflation Rate Mom 0.10 0.40 3.37 -0.94 percent [+]
Harmonised Consumer Prices 105.00 104.85 105.00 48.40 Index Points [+]
Consumer Price Index CPI 105.00 104.90 105.00 48.40 Index Points [+]
Core Consumer Prices 105.13 104.90 105.20 72.90 Index Points [+]
Core Inflation Rate 2.30 2.40 3.70 -0.10 percent [+]
GDP Deflator 104.55 104.23 104.55 4.30 Index Points [+]
Producer Prices Change 2.40 2.60 27.80 -1.90 percent [+]
Export Prices 112.80 114.20 114.20 12.20 Index Points [+]
Import Prices 111.10 111.80 111.90 12.00 Index Points [+]
Food Inflation 3.00 3.00 13.00 -3.30 percent [+]
Inflation Expectations 2.90 2.90 4.40 1.50 percent [+]
Producer Prices 112.60 112.40 112.60 8.10 Index Points [+]
CPI Housing Utilities 103.16 103.10 103.16 31.70 Index Points [+]
CPI Transportation 106.77 107.10 107.60 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 April of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.50 2.70 8.50 -0.10 1989 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.68 Mar/18
Canada 2.30 Mar/18
China 2.10 Mar/18
Euro Area 1.30 Mar/18
France 1.60 Mar/18
Germany 1.60 Mar/18
India 4.28 Mar/18
Indonesia 3.40 Mar/18
Italy 0.80 Mar/18
Japan 1.10 Mar/18
Mexico 5.04 Mar/18
Netherlands 1.00 Mar/18
Russia 2.40 Mar/18
South Korea 1.30 Mar/18
Spain 1.20 Mar/18
Switzerland 0.80 Mar/18
Turkey 10.23 Mar/18
United Kingdom 2.50 Mar/18
United States 2.40 Mar/18


Related

Latest