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

Consumer prices in the United Kingdom rose by 2.6 percent in the year to June 2017, easing from a four-year high of 2.9 percent in May and missing market expectations of a 2.9 percent gain. It was the lowest inflation rate in three months, as prices rose at a slower pace for motor fuels and certain recreational and cultural goods and services. The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, came in at 2.4 percent, also below market consensus of 2.6 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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Calendar GMT Actual Previous Consensus Forecast (i)
2017-05-16 08:30 AM Apr 2.7% 2.3% 2.6% 2.5%
2017-06-13 08:30 AM May 2.9% 2.7% 2.7% 2.6%
2017-07-18 08:30 AM Jun 2.6% 2.9% 2.9% 2.7%
2017-08-15 08:30 AM Jul 2.6% 2.59%
2017-09-12 08:30 AM Aug 2.55%
2017-10-17 08:30 AM Sep 2.53%




UK Inflation Rate Unexpectedly Slows To 2.6% In June


Consumer prices in the United Kingdom rose by 2.6 percent in the year to June 2017, easing from a four-year high of 2.9 percent in May and missing market expectations of a 2.9 percent gain. It was the lowest inflation rate in three months, as prices rose at a slower pace for motor fuels and certain recreational and cultural goods and services.

Prices rose at a slower pace for: Transport (3.7 percent from 4.7 percent in May), in particular motor fuels (4.1 percent from 7.5 percent); recreation and culture (1.5 percent from 2.3 percent); housing, water, electricity, gas and other fuels (2 percent from 2.1 percent); and clothing and footwear (2.7 percent from 3.1 percent). Meanwhile, cost rose further for: Food and non-alcoholic beverages (2.3 percent from 2.1 percent in May); furniture, household equipment and maintenance (3.2 percent from 2.4 percent); and restaurants and hotels (3.3 percent from 3.1 percent).

The consumer prices index including owner occupiers’ housing costs (CPIH) also rose by 2.6 percent in June, slightly down from 2.7 percent in May.

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, fell to 2.4 percent in June from 2.6 percent in May and below market consensus of 2.6 percent.

On a monthly basis, consumer prices were unchanged after rising by 0.3 percent in May and missing market forecast of a 0.2 percent gain. Prices rose for furniture, household equipment and maintenance (0.4 percent), restaurants and hotels (0.3 percent) and transport (0.1 percent), while cost fell for clothing and footwear (-1 percent), food and non-alcoholic beverages fell (-0.2 percent), and recreation and culture (-0.2 percent).

ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/18/2017 9:21:27 AM



United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 2.60 2.90 8.50 -0.10 percent [+]
Inflation Rate Mom 0.00 0.30 3.37 -0.94 percent [+]
Harmonised Consumer Prices 103.30 103.31 103.31 48.40 Index Points [+]
Consumer Price Index CPI 103.30 103.30 103.30 48.40 Index Points [+]
Core Consumer Prices 103.80 103.70 103.80 72.90 Index Points [+]
Core Inflation Rate 2.40 2.60 3.70 -0.10 percent [+]
GDP Deflator 105.48 104.90 105.48 4.40 Index Points [+]
Producer Prices Change 3.30 3.60 27.80 -1.90 percent [+]
Export Prices 98.00 99.10 103.10 12.20 Index Points [+]
Import Prices 98.10 99.20 102.70 12.00 Index Points [+]
Food Inflation 2.30 2.10 13.00 -3.30 percent [+]
Producer Prices 110.40 110.40 110.40 8.10 Index Points [+]
Cpi Housing Utilities 102.00 102.01 102.01 31.70 Index Points [+]
Cpi Transportation 104.60 104.56 105.30 40.40 Index Points [+]
Inflation Expectations 2.80 2.90 4.40 1.50 percent [+]


United Kingdom Inflation Rate Notes

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 July of 2017.

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



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 3.00 Jun/17
Canada 1.00 Jun/17
China 1.50 Jun/17
Euro Area 1.30 Jun/17
France 0.70 Jun/17
Germany 1.60 Jun/17
India 1.54 Jun/17
Indonesia 4.37 Jun/17
Italy 1.20 Jun/17
Japan 0.40 May/17
Mexico 6.31 Jun/17
Netherlands 1.10 Jun/17
Russia 4.40 Jun/17
South Korea 1.90 Jun/17
Spain 1.50 Jun/17
Switzerland 0.20 Jun/17
Turkey 10.90 Jun/17
United Kingdom 2.60 Jun/17
United States 1.60 Jun/17