Cost of food in the United Kingdom increased 8.60 percent in May of 2022 over the same month in the previous year. source: Office for National Statistics
Food Inflation in the United Kingdom averaged 2.42 percent from 1989 until 2022, reaching an all time high of 13 percent in August of 2008 and a record low of -3.30 percent in February of 2015. This page provides the latest reported value for - United Kingdom Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Food Inflation - values, historical data and charts - was last updated on July of 2022.
Food Inflation in the United Kingdom is expected to be 3.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Food Inflation is projected to trend around 2.00 percent in 2023 and 1.90 percent in 2024, according to our econometric models.