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 June 2018, unchanged from the previous month and below market expectations of 2.6 percent. June's rate remained at the lowest level since March 2017. Prices of both transport and housing & utilities rose at a faster pace while inflation slowed for recreation & culture 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 June Inflation Rate Weaker than Expected


Consumer price inflation in the UK stood at an annual rate of 2.4 percent in June 2018, unchanged from the previous month and below market expectations of 2.6 percent. June's rate remained at the lowest level since March 2017.

Transport prices jumped 5.5 percent in June, after a 4.7 percent advance in the previous month; and cost of housing, water, electricity, gas and other fuels moved up 2.1 percent, following a 1.5 percent gain in May.

Meanwhile, prices rose at a softer pace for recreation and culture (2.4 percent vs 2.6 percent); food and non-alcoholic beverages (2 percent vs 2.3 percent); clothing and footwear (0.3 percent vs 1.5 percent); and furniture, household equipment and maintenance (2 percent vs 2.1 percent). Restaurants and hotels inflation was unchanged at 2.6 percent; while a deflation was recorded in the miscellaneous goods and services sub-index (-0.2 percent vs unchanged).

The consumer prices index including owner occupiers’ housing costs (CPIH) rose by 2.3 percent in June, the same as in May.

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, fell to 1.9 percent June from 2.1 percent in the previous month, and missing market expectations of 2.2 percent. It was the lowest rate since March 2017.

On a monthly basis, consumer prices were unchanged, compared with May's 0.4 percent gain and market expectations of a 0.2 percent advance. An increase in prices of transport (0.8 percent), housing and utilities (0.6 percent) and restaurants and hotels (0.3 percent) was offset by declines in cost of recreation and culture (-0.4 percent), food and non-alcoholic beverages (-0.5 percent), miscellaneous goods and services (-0.1 percent) and clothing and footwear (-2.1 percent).


ONS | Joana Ferreira | joana.ferreira@tradingeconomics.com
7/18/2018 8:54:12 AM


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Calendar GMT Actual Previous Consensus TEForecast
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 2.4% 2.4% 2.6% 2.6%
2018-08-15 08:30 AM Inflation Rate YoY 2.4% 2.5% 2.5%
2018-09-19 08:30 AM Inflation Rate YoY 2.6%
2018-10-17 08:30 AM Inflation Rate YoY 2.4%


United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 2.40 2.40 8.50 -0.10 percent [+]
Inflation Rate Mom 0.00 0.40 3.37 -0.94 percent [+]
Harmonised Consumer Prices 105.80 105.80 105.80 48.40 Index Points [+]
Consumer Price Index CPI 105.80 105.80 105.80 48.40 Index Points [+]
Core Consumer Prices 105.70 105.90 105.90 72.90 Index Points [+]
Core Inflation Rate 1.90 2.10 3.70 -0.10 percent [+]
GDP Deflator 103.50 103.11 103.50 4.24 Index Points [+]
Producer Prices Change 3.10 3.00 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 2.00 2.30 13.00 -3.30 percent [+]
Inflation Expectations 2.90 2.90 4.40 1.50 percent [+]
Producer Prices 113.80 113.70 113.80 8.10 Index Points [+]
Core Producer Prices 112.00 111.80 112.00 89.80 Index Points [+]
CPI Housing Utilities 104.20 103.50 104.20 31.70 Index Points [+]
CPI Transportation 110.40 109.50 110.40 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 August 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 2.10 Jun/18
Brazil 4.48 Jul/18
Canada 2.50 Jun/18
China 2.10 Jul/18
Euro Area 2.10 Jul/18
France 2.30 Jul/18
Germany 2.00 Jul/18
India 4.17 Jul/18
Indonesia 3.18 Jul/18
Italy 1.50 Jul/18
Japan 0.70 Jun/18
Mexico 4.81 Jul/18
Netherlands 2.10 Jul/18
Russia 2.50 Jul/18
South Korea 1.50 Jul/18
Spain 2.20 Jul/18
Switzerland 1.20 Jul/18
Turkey 15.85 Jul/18
United Kingdom 2.40 Jun/18
United States 2.90 Jul/18


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