Annual inflation rate in the UK jumped to 3.2% in August of 2021, the highest since March 2012, from 2% in July and above market forecasts of 2.9%. A low base effect from last year had the biggest impact, because, in part, of discounted restaurant and café prices in August 2020 resulting from the government's Eat Out to Help Out scheme and, to a lesser extent, reductions in Value Added Tax across the same sector. Main upward pressure came from prices of recreation and culture (2.4% vs 0.7% in July), transport (7.8% vs 7.7%), housing and utilities (1.8% vs 1.7%), food (0.3% vs -0.6%) and restaurants and hotels (8.6% vs 2.2%). The monthly rate increased to 0.7%m the highest in 3 years, from a flat reading in July. source: Office for National Statistics

Inflation Rate in the United Kingdom averaged 2.48 percent from 1989 until 2021, 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. 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 September of 2021.

Inflation Rate in the United Kingdom is expected to be 2.90 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 1.70 percent in 2022 and 1.80 percent in 2023, according to our econometric models.

Ok
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.

Please Paste this Code in your Website
width
height
United Kingdom Inflation Rate

Actual Previous Highest Lowest Dates Unit Frequency
3.20 2.00 8.50 -0.10 1989 - 2021 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2021-06-16 06:00 AM May 2.1% 1.5% 1.8% 1.8%
2021-07-14 06:00 AM Jun 2.5% 2.1% 2.2% 2.3%
2021-08-18 06:00 AM Jul 2% 2.5% 2.3% 2.4%
2021-09-15 06:00 AM Aug 3.2% 2% 2.9% 2.9%
2021-10-20 06:00 AM Sep 3.2% 3.2%
2021-11-17 07:00 AM Oct
2021-12-15 07:00 AM Nov


News Stream
UK Inflation Rate Jumps to 9-Year High of 3.2%
Annual inflation rate in the UK jumped to 3.2% in August of 2021, the highest since March 2012, from 2% in July and above market forecasts of 2.9%. A low base effect from last year had the biggest impact, because, in part, of discounted restaurant and café prices in August 2020 resulting from the government's Eat Out to Help Out scheme and, to a lesser extent, reductions in Value Added Tax across the same sector. Main upward pressure came from prices of recreation and culture (2.4% vs 0.7% in July), transport (7.8% vs 7.7%), housing and utilities (1.8% vs 1.7%), food (0.3% vs -0.6%) and restaurants and hotels (8.6% vs 2.2%). The monthly rate increased to 0.7%m the highest in 3 years, from a flat reading in July.
2021-09-15
UK Inflation Rate Cools More Quickly than Forecast
The consumer price inflation rate in the UK eased to 2.0 percent year-on-year in July 2021, from a near three-year high of 2.5 percent in the previous month and below market expectations of 2.3 percent. The rate fell back to the Bank of England's target, largely reflecting base effects as inflation rose rapidly in July 2020. The biggest downward contribution came from clothing and footwear (1.7 percent vs 3.0 percent in June) and a variety of recreational goods and services (0.7 percent vs 2.1 percent). Meanwhile, prices of second-hand cars continued to rise (14.4 percent vs 5.6 percent), helped by increased demand as consumers stay away from public transport and new supply tightens. The annual core CPI, which excludes volatile items such as energy and food, rose 1.8 percent in July, also below June's 2.3 percent and forecasts of 2.2 percent.
2021-08-18
UK Inflation Rate Up to 3-Year High
Annual inflation rate in the UK increased to 2.5% in June of 2021 from 2.1% in May, above market forecasts of 2.2%. It is the highest inflation rate since August of 2018, with transport making the biggest upward impact (7.2%) while a low base effect from last year is also weighing. Also, prices for second-hand cars (5.6%), clothing and footwear (3%), eating and drinking out, and motor fuel (20.3%) rose in 2021 but mostly fell in 2020, resulting in the largest upward contributions to the change in the CPI which were partially offset by a large downward contribution from games, toys and hobbies (-0.9%), where prices fell this year but rose a year ago. Cost of food and non alcoholic beverages was down 0.6%. The BoE predicts inflation will exceed 3% although price pressures should be transitory.
2021-07-14
UK Inflation Rate Jumps to Near 2-Year High
The consumer price inflation rate in the UK climbed to 2.1 percent year-on-year in May 2021, from 1.5 percent in the previous month and comfortably above market expectations of 1.8 percent. It was the highest rate since July 2019, reflecting the ongoing economic recovery and re-opening efforts, as well as the low base year. Main upward pressure came from clothing; motor fuel; recreational goods, particularly games and recording media; and meals and drinks consumed out. On the other hand, prices for food and non-alcoholic beverages fell for a seventh consecutive month, particularly for bread and cereals.
2021-06-16

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.