Annual inflation rate in the UK jumped to 4.2% in October of 2021, the highest since December of 2011 and above market forecasts of 3.9%. Main upward pressure came from cost of housing and utilities (6.8% vs 1.9%), namely electricity (18.8%), gas (28.1%) and liquid fuels (69.1%), reflecting a global surge in energy and specially gas prices, and following the increase in the cap on energy prices, which changed on October 1st. Ofgem which is the energy regulator, updates the energy price caps twice a year, in April and October, to ensure that they reflect changes in the cost of supplying energy. Other upward contributions came from prices of transport (9.9% vs 8.4%), food and beverages (1.2% vs 0.8%), miscellaneous goods and services (1.3% vs 1%), restaurants and hotels (6.3% vs 5.1%). The monthly inflation rate jumped to 1.1% from 0.3%. source: Office for National Statistics

Inflation Rate in the United Kingdom averaged 2.49 percent from 1989 until 2021, 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. United Kingdom Inflation Rate - data, historical chart, forecasts and calendar of releases - was last updated on December of 2021.

Inflation Rate in the United Kingdom is expected to be 4.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Inflation Rate is projected to trend around 3.30 percent in 2022 and 2.20 percent in 2023, according to our econometric models.

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United Kingdom Inflation Rate


Calendar GMT Actual Previous Consensus TEForecast
2021-10-20 06:00 AM Sep 3.1% 3.2% 3.2% 3.2%
2021-11-17 07:00 AM Oct 4.2% 3.1% 3.9% 3.7%
2021-12-15 07:00 AM Nov


Related Last Previous Unit Reference
Inflation Rate 4.20 3.10 percent Oct/21
Inflation Rate Mom 1.10 0.30 percent Oct/21
Harmonised Consumer Prices 113.64 112.42 points Oct/21
Consumer Price Index CPI 113.60 112.40 points Oct/21
Core Inflation Rate 3.40 2.90 percent Oct/21
Core Consumer Prices 113.70 112.90 points Oct/21
GDP Deflator 105.91 105.72 points Sep/21
Producer Prices Change 8.00 6.70 percent Oct/21
Export Prices 113.40 113.10 points Apr/18
Import Prices 111.40 111.30 points Apr/18
Food Inflation 1.20 0.80 percent Oct/21
Producer Price Inflation MoM 1.10 0.70 percent Oct/21
Retail Price Index 6.00 4.90 percent Oct/21
Producer Prices 116.60 115.00 points Oct/21
Core Producer Prices 117.60 116.70 points Oct/21
CPI Transportation 124.30 122.40 points Oct/21
CPI Housing Utilities 111.80 108.40 points Oct/21

News Stream
UK Inflation Rate Highest since 2011
Annual inflation rate in the UK jumped to 4.2% in October of 2021, the highest since December of 2011 and above market forecasts of 3.9%. Main upward pressure came from cost of housing and utilities (6.8% vs 1.9%), namely electricity (18.8%), gas (28.1%) and liquid fuels (69.1%), reflecting a global surge in energy and specially gas prices, and following the increase in the cap on energy prices, which changed on October 1st. Ofgem which is the energy regulator, updates the energy price caps twice a year, in April and October, to ensure that they reflect changes in the cost of supplying energy. Other upward contributions came from prices of transport (9.9% vs 8.4%), food and beverages (1.2% vs 0.8%), miscellaneous goods and services (1.3% vs 1%), restaurants and hotels (6.3% vs 5.1%). The monthly inflation rate jumped to 1.1% from 0.3%.
2021-11-17
UK Inflation Rate Unexpectedly Slows
The annual inflation rate in the UK edged down to 3.1% in September of 2021 from a 9-year high of 3.2% in August and below forecasts of 3.2%. A slowdown was seen in cost of restaurants and hotels (5.1% vs 8.6% in August) amid a base effect from last year, in part because of the recovery of restaurant and cafe prices in September 2020 following August’s Eat Out to Help Out scheme. On the other hand, main upward pressure came from prices of transport (8.4% vs 7.8%); recreation and culture (2.7% vs 2.4%); housing and household services (1.9% vs 1.8%); and food and beverages (0.8% vs 0.3%). On a monthly basis, the inflation fell to 0.3% from 0.7% in August and below forecasts of 0.4%.
2021-10-20
UK Inflation Rate Jumps to 9-Year High of 3.2%
Annual inflation rate in the UK jumped to 3.2% in August of 2021, the highest since March 2012, from 2% in July and above market forecasts of 2.9%. A low base effect from last year had the biggest impact, because, in part, of discounted restaurant and café prices in August 2020 resulting from the government's Eat Out to Help Out scheme and, to a lesser extent, reductions in Value Added Tax across the same sector. Main upward pressure came from prices of recreation and culture (2.4% vs 0.7% in July), transport (7.8% vs 7.7%), housing and utilities (1.8% vs 1.7%), food (0.3% vs -0.6%) and restaurants and hotels (8.6% vs 2.2%). The monthly rate increased to 0.7%m the highest in 3 years, from a flat reading in July.
2021-09-15

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.