The annual inflation rate in the United Kingdom jumped to 1.8% in January of 2020 from 1.3% in December and above market expectations of 1.6%. It is the highest reading in six months, mainly boosted by prices of transport (1.8% vs 0.7% in December), namely airfares (0.9% vs -8.5%); fuels and lubricants (4.7% vs 1%, the biggest rise since November 2018); housing and utilities (2% vs 0.4%), namely electricity (8.6% vs 3.3%); restaurants and hotels (2.2% vs 1.6%); and miscellaneous goods and services (2.4% vs 2.2%). Also, prices rebounded for clothing and footwear (0.2% vs -0.8%). In contrast, inflation eased for food and non-alcoholic beverages (1.4% vs 1.7%) and was steady for recreation and culture (1.5%). Core inflation which excludes energy, fuel, alcohol and tobacco, rose to 1.6% from 1.4% in December.

Inflation Rate in the United Kingdom averaged 2.55 percent from 1989 until 2020, 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. source: Office for National Statistics

Inflation Rate in the United Kingdom is expected to be 1.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in the United Kingdom to stand at 1.90 in 12 months time. In the long-term, the United Kingdom Inflation Rate is projected to trend around 2.50 percent in 2021 and 2.30 percent in 2022, 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
1.80 1.30 8.50 -0.10 1989 - 2020 percent Monthly


Calendar GMT Actual Previous Consensus TEForecast
2019-11-13 09:30 AM Oct 1.5% 1.7% 1.6% 1.6%
2019-12-18 09:30 AM Nov 1.5% 1.5% 1.4% 1.4%
2020-01-15 09:30 AM Dec 1.3% 1.5% 1.5% 1.5%
2020-02-19 09:30 AM Jan 1.8% 1.3% 1.6% 1.4%
2020-03-25 09:30 AM Feb 1.8% 1.5%
2020-04-22 08:30 AM Mar 1.4%
2020-05-20 08:30 AM Apr 1.6%
2020-06-17 08:30 AM May


News Stream
UK Inflation Rate Way Above Forecasts
The annual inflation rate in the United Kingdom jumped to 1.8% in January of 2020 from 1.3% in December and above market expectations of 1.6%. It is the highest reading in six months, mainly boosted by prices of transport (1.8% vs 0.7% in December), namely airfares (0.9% vs -8.5%); fuels and lubricants (4.7% vs 1%, the biggest rise since November 2018); housing and utilities (2% vs 0.4%), namely electricity (8.6% vs 3.3%); restaurants and hotels (2.2% vs 1.6%); and miscellaneous goods and services (2.4% vs 2.2%). Also, prices rebounded for clothing and footwear (0.2% vs -0.8%). In contrast, inflation eased for food and non-alcoholic beverages (1.4% vs 1.7%) and was steady for recreation and culture (1.5%). Core inflation which excludes energy, fuel, alcohol and tobacco, rose to 1.6% from 1.4% in December.
2020-02-19
UK Inflation Rate Drops Unexpectedly to 3-Year Low
The consumer price inflation in the UK slowed to 1.3 percent year-on-year in December 2019, the lowest reading since November 2016 and below market consensus of 1.5 percent, as prices rose at a softer pace for restaurants & hotels (1.6 percent vs 2.4 percent), transport (0.7 percent vs 0.9 percent), and food & non-alcoholic beverages (1.7 percent vs 2.1 percent). In addition, clothing & footwear prices dropped 0.8 percent, after being unchanged in November. The annual core inflation rate, which excludes energy, food, alcoholic beverages and tobacco, fell to 1.4 percent, also the lowest in nearly three years and below forecasts of 1.7 percent.
2020-01-15
UK Inflation Rate Unchanged at 3-Year Low
The consumer price inflation in the United Kingdom held steady at 1.5 percent year-on-year in November 2019, the lowest level since November 2016, but slightly above market expectations of 1.4 percent. The consumer prices index including owner occupiers’ housing costs (CPIH) increased 1.5 percent, the same as in the previous month. The annual core inflation rate, which excludes prices of energy, food, alcohol and tobacco, held steady at 1.7 percent. On a monthly basis, consumer prices rose 0.2 percent, reversing a 0.2 percent decline in October and in line with market consensus.
2019-12-18
UK Inflation Rate Drops to Near 3-Year Low
The consumer price inflation in the United Kingdom fell to 1.5 percent year-on-year in October 2019 from 1.7 percent in the previous month and below market expectations of 1.6 percent. That was the lowest rate since November 2016, mainly due to a slowdown in housing & utilities prices as a regulator's tariff cap pushed down electricity and gas cost.
2019-11-13

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.