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

Consumer price inflation in the UK stood at an annual rate of 2.4 percent in May 2018, unchanged from the previous month's one-year low and slightly below market expectations of 2.5 percent. Transport inflation jumped on higher fuels and lubricants costs, while prices rose at a softer pace for recreation & culture, housing & utilities, restaurants & hotels, and food & non-alcoholic beverages. 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
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UK Inflation Unexpectedly Holds at 1-Year Low


Consumer price inflation in the UK stood at an annual rate of 2.4 percent in May 2018, unchanged from the previous month's one-year low and slightly below market expectations of 2.5 percent. Also, core inflation was flat at 2.1 percent.

Transport prices jumped 4.7 percent in May, after a 2.4 percent gain in the previous month; while prices rose at a softer pace for: recreation and culture (2.6 percent vs 3.5 percent in April); housing, water, electricity, gas and other fuels (1.5 percent vs 2.1 percent); restaurants and hotels (2.6 percent vs 2.7 percent); food and non-alcoholic beverages (2.3 percent vs 2.7 percent); clothing and footwear (1.5 percent vs 1.7 percent); and furniture, household equipment and maintenance (2.1 percent vs 2.7 percent).

The consumer prices index including owner occupiers’ housing costs (CPIH) rose by 2.3 percent in May, up from 2.2 percent increase in April.

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, was flat at 2.1 percent in May, remaining at the lowest level since March 2017.

On a monthly basis, consumer prices went up 0.4 percent in May, the same pace as in April and in line with market consensus. Upward pressure came from: transport (1.5 percent); recreation and culture (0.1 percent); housing and utilities (0.1 percent); and restaurants and hotels (0.4 percent).


ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
6/13/2018 8:52:04 AM



Calendar GMT Actual Previous Consensus TEForecast
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 2.4% 2.5% 2.5% 2.6%
2018-06-13 08:30 AM Inflation Rate YoY 2.4% 2.4% 2.5% 2.5%
2018-07-18 08:30 AM Inflation Rate YoY 2.5%
2018-08-15 08:30 AM Inflation Rate YoY 2.6%
2018-09-19 08:30 AM Inflation Rate YoY 2.5%


United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 2.40 2.40 8.50 -0.10 percent [+]
Inflation Rate Mom 0.40 0.40 3.37 -0.94 percent [+]
Harmonised Consumer Prices 105.80 105.40 105.80 48.40 Index Points [+]
Consumer Price Index CPI 105.80 105.40 105.80 48.40 Index Points [+]
Core Consumer Prices 105.90 105.50 105.90 72.90 Index Points [+]
Core Inflation Rate 2.10 2.10 3.70 -0.10 percent [+]
GDP Deflator 104.79 104.55 104.79 4.30 Index Points [+]
Producer Prices Change 2.90 2.50 27.80 -1.90 percent [+]
Export Prices 113.40 113.10 115.60 12.20 Index Points [+]
Import Prices 111.40 111.30 114.10 12.00 Index Points [+]
Food Inflation 2.30 2.70 13.00 -3.30 percent [+]
Inflation Expectations 2.90 2.90 4.40 1.50 percent [+]
Producer Prices 113.60 113.10 113.60 8.10 Index Points [+]
Core Producer Prices 111.80 111.60 111.80 89.80 Index Points [+]
CPI Housing Utilities 103.50 103.50 103.50 31.70 Index Points [+]
CPI Transportation 109.50 107.90 109.50 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.40 8.50 -0.10 1989 - 2018 percent Monthly




inflation rate by Country
Country Last
Australia 1.90 Mar/18
Brazil 2.86 May/18
Canada 2.20 Apr/18
China 1.80 May/18
Euro Area 1.90 May/18
France 2.00 May/18
Germany 2.20 May/18
India 4.87 May/18
Indonesia 3.23 May/18
Italy 1.00 May/18
Japan 0.60 Apr/18
Mexico 4.51 May/18
Netherlands 1.70 May/18
Russia 2.40 May/18
South Korea 1.50 May/18
Spain 2.10 May/18
Switzerland 1.00 May/18
Turkey 12.15 May/18
United Kingdom 2.40 May/18
United States 2.80 May/18


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