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

Annual inflation rate in the United Kingdom eased to 2.4 percent in September of 2018 from 2.7 percent in August, below market expectations of 2.6 percent. It is the lowest reading in three months, mainly due to a slowdown in cost of food, transport and recreation and culture and a fall in clothing prices. 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 Rate Falls to 3-Month Low of 2.4%


Annual inflation rate in the United Kingdom eased to 2.4 percent in September of 2018 from 2.7 percent in August, below market expectations of 2.6 percent. It is the lowest reading in three months, mainly due to a slowdown in cost of food, transport and recreation and culture and a fall in clothing prices. Still, it remains above the BoE's target of 2 percent.

Year-on-year, prices rose at a slower pace for transport (5.6 percent vs 6.1 percent in August), namely transportation services (4.2 percent vs 6.4 percent); recreation and culture (3 percent vs 3.6 percent); food and non-alcoholic beverages (1.5 percent vs 2.5 percent); and furniture, household equipment and maintenance (0.5 percent vs 0.7 percent). Also, prices declined for clothing and footwear (-0.4 percent vs 0.3 percent) and miscellaneous goods and services (-0.3 percent vs -0.7 percent). On the other hand, inflation went up for housing, water, electricity, gas and other fuels (2.7 percent vs 2.3 percent), namely electricity (9.3 percent vs 7.4 percent) and gas (5.5 percent vs 4.3 percent) and was steady for restaurants and hotels (at 2.5 percent).

The consumer prices index including owner occupiers’ housing costs (CPIH) rose by 2.2 percent in September, below 2.4 percent in the previous month.

The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, fell to 1.9 percent from a four-month high of 2.1 percent in August.

On a monthly basis, consumer prices edged up 0.1 percent, well below 0.7 percent in August and market expectations of 0.2 percent. Prices fell for transport (-1.8 percent) and food and non-alcoholic beverages (-0.2 percent) but rose sharply for clothing and footwear (3.1 percent) and education (1 percent). 


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
10/17/2018 8:57:13 AM


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Calendar GMT Actual Previous Consensus TEForecast
2018-08-15 08:30 AM Inflation Rate YoY 2.5% 2.4% 2.5% 2.5%
2018-09-19 08:30 AM Inflation Rate YoY 2.7% 2.5% 2.4% 2.7%
2018-10-17 08:30 AM Inflation Rate YoY 2.4% 2.7% 2.6% 2.5%
2018-11-14 09:30 AM Inflation Rate YoY 2.4% 2.4%
2018-12-19 09:30 AM Inflation Rate YoY 2.3%


United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 2.40 2.70 8.50 -0.10 percent [+]
Inflation Rate Mom 0.10 0.70 3.37 -0.94 percent [+]
Harmonised Consumer Prices 106.50 105.77 106.50 48.40 Index Points [+]
Consumer Price Index CPI 106.60 106.50 106.60 48.40 Index Points [+]
Core Consumer Prices 106.50 106.50 106.50 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 2.90 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 1.50 2.50 13.00 -3.30 percent [+]
Inflation Expectations 3.00 2.90 4.40 1.50 percent [+]
Producer Prices 114.60 114.20 114.60 8.10 Index Points [+]
Core Producer Prices 112.70 112.60 112.70 89.80 Index Points [+]
CPI Housing Utilities 105.20 104.70 105.20 31.70 Index Points [+]
CPI Transportation 111.20 113.30 113.30 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 October of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
2.40 2.70 8.50 -0.10 1989 - 2018 percent Monthly




inflation rate by Country
Country Last
Argentina 40.50 Sep/18
Australia 2.10 Jun/18
Brazil 4.53 Sep/18
Canada 2.80 Aug/18
China 2.50 Sep/18
Euro Area 2.10 Sep/18
France 2.20 Sep/18
Germany 2.30 Sep/18
India 3.77 Sep/18
Indonesia 2.88 Sep/18
Italy 1.40 Sep/18
Japan 1.30 Aug/18
Mexico 5.02 Sep/18
Netherlands 1.90 Sep/18
Russia 3.40 Sep/18
Saudi Arabia 2.20 Aug/18
Singapore 0.70 Aug/18
South Africa 4.90 Aug/18
South Korea 1.90 Sep/18
Spain 2.30 Sep/18
Switzerland 1.00 Sep/18
Turkey 24.52 Sep/18
United Kingdom 2.40 Sep/18
United States 2.30 Sep/18


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