United Kingdom Inflation Rate

The inflation rate in the United Kingdom was recorded at 1.60 percent in March of 2014. Inflation Rate in the United Kingdom is reported by the Office for National Statistics. Inflation Rate in the United Kingdom averaged 2.79 Percent from 1989 until 2014, reaching an all time high of 8.50 Percent in April of 1991 and a record low of 0.50 Percent in May of 2000. In the United Kingdom, the most important categories in the consumer price index are Transport (16.2 percent of the total weight) and Housing, Water, Electricity, Gas and Other fuels (14.4 percent). Recreation and Culture accounts for 13.4 percent; Restaurants and Hotels for 11.4 percent and Food and Non-alcoholic Beverages for 11.2 percent. The index also includes: Miscellaneous Goods and Services (9.6 percent); Clothing and Footwear (6.5 percent); Furniture, Household Equipment and Maintenance (6.1 percent). Alcoholic Beverages and Tobacco; Health, Communication and Education account for remaining 11.2 percent of total weight. This page provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-20

Actual Previous Highest Lowest Forecast Dates Unit Frequency
1.60 1.70 8.50 0.50 1.65 | 2014/04 1989 - 2014 Percent Monthly

TO

United Kingdom Inflation Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2014-01-14 09:30 AM United Kingdom
Inflation Rate YoY
Dec 2013 2.0% 2.1% 2.1% 2.1%
2014-02-18 09:30 AM United Kingdom
Inflation Rate YoY
Jan 2014 1.9% 2.0% 2.0% 2%
2014-03-11 10:00 AM United Kingdom
Inflation Report Hearings
2014-03-25 09:30 AM United Kingdom
Inflation Rate YoY
Feb 2014 1.7% 1.9% 1.7% 1.82%
2014-04-15 09:30 AM United Kingdom
Inflation Rate YoY
Mar 2014 1.6% 1.7% 1.6% 1.71%
2014-05-20 09:30 AM United Kingdom
Inflation Rate YoY
Apr 2014 1.6% 1.64%
[+]

Prices Last Previous Highest Lowest Forecast Unit
Core Inflation Rate 1.60 2014-03-15 1.70 3.70 -0.10 1.79 2014-04-30 Percent [+]
Inflation Rate 1.60 2014-03-31 1.70 8.50 0.50 1.65 2014-04-30 Percent [+]
Consumer Price Index (CPI) 127.70 2014-03-15 127.36 127.70 61.90 127.94 2014-04-30 Index Points [+]
Core Consumer Prices 123.03 2014-03-15 122.66 123.03 87.60 123.32 2014-04-30 Index Points [+]
Export Prices 104.60 2014-02-15 104.80 119.50 13.80 103.22 2014-03-31 Index Points [+]
GDP Deflator 106.23 2013-11-15 105.80 107.32 5.53 105.77 2014-03-31 Index Points [+]
Harmonised Consumer Prices 127.36 2014-02-15 126.72 127.50 124.40 126.87 2014-03-31 Index Points [+]
Import Prices 106.00 2014-02-15 106.20 119.60 12.40 105.71 2014-03-31 Index Points [+]
Inflation Rate Mom 0.20 2014-03-15 0.51 3.37 -0.94 0.72 2014-04-30 Percent [+]
[+]


UK Inflation Rate Slows Further in March

UK annual consumer prices fell to its lowest in over four year in March of 2014. The inflation rate decelerated for the sixth consecutive month to 1.6 percent, down from 1.7 percent in February, due to lower fuel, clothing and furniture prices.

Year-on-year, the biggest downward contributions came from transport prices that fell 1 percent to its lowest annual rate since July 2009. Cost of clothing and footwear rose marginally by 0.2 percent and prices of recreation and culture increased 0.6 percent. Food prices slowed to its lowest since February of 2010 (1.7 percent) and cost of furniture and household goods increased 1.1 percent.  

Upward pressures came from education cost (+10.3 percent yoy); tobacco and alcoholic beverages (+5 percent yoy); health cost (+3.4 percent); housing, water, electricity and gas prices (+3.1 percent) and restaurants and hotels (+2.6 percent). 

On a monthly basis, the inflation rate slowed to 0.2 percent, following a 0.5 percent increase in February. 

Core CPI increased 1.6 percent year-on-year, down by 1 percentage point from February’s figure. 

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
4/15/2014 9:54:25 AM

RECENT RELEASES

UK Inflation Rate Slows to 4-Year Low
In February of 2014, UK’s annual consumer prices eased to 1.7 percent, the lowest rate since October of 2009, dipping further below the Bank of England's target. The biggest downward contribution was transport cost, mainly fuel prices, which showed its biggest drop since September 2009. Published on 2014-03-25

UK Inflation Rate Below BoE’s Target
UK’s inflation rate fell for the first time in more than four years below the Bank of England's target level. The CPI rose by an annual 1.9 percent in January of 2014, down from 2 percent in December. Published on 2014-02-18


Inflation Rate | Notes
The data given on this page shows an annual change in the Consumer Price Index. The CPI measures changes in the price level of consumer goods and services purchased by households. The CPI is calculated by taking price changes for each item in the predetermined basket of goods and services and averaging them. The items weight according to their importance. Depending on the country, the highest weights are usually given to the food, energy, housing, clothing, medical care, transportation and household equipment.


RELATED NEWS

UK Unemployment Rate Down to 5-Year Low  
In the three months to February of 2014, UK jobless rate fell to 6.9 percent, down from 7.2 percent in the previous period. Pay growth rose 1.7 percent and caught up with inflation for the first time in nearly four years.
UK Inflation Rate Slows Further in March  
UK annual consumer prices fell to its lowest in over four year in March of 2014. The inflation rate decelerated for the sixth consecutive month to 1.6 percent, down from 1.7 percent in February, due to lower fuel, clothing and furniture prices.
BoE Leaves Rate Steady  
At its April 10th, 2014 meeting, Bank of England decided to leave the benchmark interest rate on hold at 0.5 percent and the size of its asset purchase programme unchanged at £375 billion, as widely expected.
UK Trade Deficit Narrows in February  
Britain’s goods and services trade gap decreased to £ 2.06 billion in February of 2014, down from a revised £ 2.2 billion deficit in the previous month, as both exports and imports fell.
UK Economy Advances 1.7% in 2013  
The UK GDP expanded at its fastest pace in three years in 2013. Final estimates showed the economy advanced 1.7 percent, compared with a meager 0.3 percent expansion in 2012. Between Q4 2012 and Q4 2013, the GDP increased by 2.7 percent, unrevised from the previous estimate.
UK GDP Growth Confirmed at 0.7% in Q4  
UK economy advanced 0.7 percent quarter on quarter in the last three months of 2013, in line with previous estimates. Full-year GDP growth in 2013 was revised down to 1.7 percent from 1.8 percent recorded earlier.
UK Inflation Rate Slows to 4-Year Low  
In February of 2014, UK’s annual consumer prices eased to 1.7 percent, the lowest rate since October of 2009, dipping further below the Bank of England's target. The biggest downward contribution was transport cost, mainly fuel prices, which showed its biggest drop since September 2009.
UK Unemployment Rate Steady at 7.2%  
In the three months to January of 2014, UK jobless rate remained unchanged at 7.2 percent, after rising to that level in the three months to December of 2013. Claimant count decreased more than expected and average weekly earnings picked up.
UK Trade Deficit Widens 76% YoY in January  
UK’s trade deficit increased sharply to £ 2.56 billion in January of 2014, compared with a £ 1.45 billion gap a year earlier and a revised £ 0.66 billion deficit in December of 2013. Exports of goods and services fell to a 14-month low hurt by lower sales of aircraft and chemicals.
BoE Leaves Monetary Policy Unchanged  
The Bank of England’s Monetary Policy Committee decided on March 6th 2014 to maintain the bank rate on hold at 0.5 percent, as widely expected. The stock of asset purchases was also left unchanged at 375 billion pounds.
MORE RELATED NEWS

LATEST NEWS

Chile Leaves Monetary Policy Unchanged  
At its April 17th, 2014 meeting, Central Bank of Chile left the benchmark interest rate on hold at 4 percent, following last month's cut, citing low output and demand, but hinted possible future rate cuts, depending on domestic and external conditions.
Russia Unemployment Drops in March  
Russian jobless rate fell for the first time in four months to 5.4 percent, after remaining stable at 5.6 percent in the previous two months.
Canada Inflation Rises Above Forecasts in March  
The annual consumer prices in Canada accelerated to 1.5 percent in March of 2014 following a 1.1 increase in the previous month, as energy prices surged.
US Jobless Claims Rise Slightly  
In the week ending April 12, the advance figure for seasonally adjusted initial claims was 304,000, an increase of 2,000 from the previous week's revised level. The previous week's level was revised up by 2,000 from 300,000 to 302,000. There were no special factors impacting this week's initial claims.
Brazil Unemployment Rate Down to 5%  
In March of 2014, Brazil’s jobless rate fell by 0.1 percentage point to 5 percent, below market forecasts. A year earlier, unemployment reached 5.7 percent.
Dutch Unemployment Rate Falls for the First Time in 2014  
In March of 2014, Netherlands’ seasonally adjusted jobless rate fell to 8.7 percent from 8.8 percent in the previous month and 8.1 percent a year earlier, as more people left permanently the labor market rather than found jobs.
Singaporean Trade Surplus Narrows Sharply in March  
The trade surplus decreased 51.1 percent in March of 2014 over a year earlier and 47.2 percent from February to SGD 2.3 billion. Imports rose at a faster pace than exports, as sales of pharmaceuticals and electronics fell, while shipments of petrochemicals and re-exports contributed to overall increase.
Mozambique Leaves Lending Rate Steady at 8.25%  
At its April 16th, 2014 meeting, Bank of Mozambique left its benchmark interest rate unchanged at 8.25 percent for the sixth consecutive meeting, saying this was consistent with meeting domestic economic targets for 2014.
Spanish Trade Deficit Narrows to 4-Month Low  
In February of 2014, Spanish trade gap decreased to € 1.62 billion, down from € 2.82 billion in the previous month. Compared with the same month a year earlier, the trade deficit widened 37 percent.
Angolan Inflation Rate Down To 7.32% in March  
The annual consumer prices in Angola decelerated for the second consecutive month to 7.32 percent in March of 2014, from 7.48 percent recorded in February of 2014.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News






Markets

GDP

Labour

Prices

Money

Trade

Government

Business

Consumer

Taxes

Housing