United Kingdom Inflation Rate  1989-2017 | Data | Chart | Calendar

Consumer prices in the United Kingdom increased 2.7 percent year-on-year in April of 2017, following a 2.3 percent rise in each of the previous two months and above market expectations of 2.6 percent. It is the highest inflation rate since September of 2013, mainly due to rising air fares and electricity prices. The inflation rate has been on an upward trend since the Brexit vote last year due to a fall in the sterling value. Inflation Rate in the United Kingdom averaged 2.58 percent from 1989 until 2017, 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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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-21 09:30 AM Feb 2.3% 1.8% 2.1% 2.1%
2017-04-11 08:30 AM Mar 2.3% 2.3% 2.3% 2.2%
2017-05-16 08:30 AM Apr 2.7% 2.3% 2.6% 2.5%
2017-06-13 08:30 AM May 2.7% 2.75%
2017-07-18 08:30 AM Jun 2.79%
2017-08-15 08:30 AM Jul 2.80%




UK Inflation Rate Highest Since 2013


Consumer prices in the United Kingdom increased 2.7 percent year-on-year in April of 2017, following a 2.3 percent rise in each of the previous two months and above market expectations of 2.6 percent. It is the highest inflation rate since September of 2013, mainly due to rising air fares and electricity prices. The inflation rate has been on an upward trend since the Brexit vote last year due to a fall in the sterling value.

Year-on-year, main upward contributions came from prices of transport (6.4 percent vs 4.7 percent in March); restaurants and hotels (3.1 percent vs 2.9 percent); housing and utilities (1.6 percent vs 1.1 percent in March); food and non-alcoholic beverages (1.5 percent vs 1.2 percent) and clothing and footwear (2.4 percent vs 0.9 percent). In contrast, inflation slowed for recreation and culture (1 percent vs 1.6 percent) and miscellaneous goods and services (1.7 percent vs 1.8 percent). 

On a monthly basis, consumer prices went up 0.5 percent, higher than 0.4 percent in March and forecasts of 0.4 percent. Air fares were the main contributors to the increase, although this balanced out a downward effect of similar magnitude in March 2017, due to Easter falling later than last year. Rising prices for clothing, vehicle excise duty and electricity also contributed to the increase in the rate. These upward contributions were partially offset by a fall in motor fuel prices between March and April 2017.

The core index which excludes prices of energy, food, alcohol and tobacco rose 2.4 percent year-on-year, the most since March of 2013 and above expectations of 2.2 percent. 


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
5/16/2017 8:52:50 AM



United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 2.70 2.30 8.50 -0.10 percent [+]
Inflation Rate Mom 0.50 0.40 3.37 -0.94 percent [+]
Harmonised Consumer Prices 102.95 102.50 102.95 48.40 Index Points [+]
Consumer Price Index CPI 102.90 102.50 102.90 48.40 Index Points [+]
Core Consumer Prices 103.40 102.80 103.40 72.90 Index Points [+]
Core Inflation Rate 2.40 1.80 3.70 -0.10 percent [+]
GDP Deflator 104.90 104.07 104.90 4.40 Index Points [+]
Producer Prices Change 3.60 3.60 27.80 -1.90 percent [+]
Export Prices 101.00 99.70 103.10 12.20 Index Points [+]
Import Prices 100.30 98.60 102.70 12.00 Index Points [+]
Food Inflation 1.50 1.20 13.00 -3.30 percent [+]
Producer Prices 110.30 109.90 110.30 8.10 Index Points [+]
Inflation Expectations 2.90 2.80 4.40 1.50 percent [+]
Cpi Housing Utilities 101.40 101.00 101.40 31.70 Index Points [+]
Cpi Transportation 105.30 103.70 105.30 40.40 Index Points [+]


United Kingdom Inflation Rate Notes

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. United Kingdom Inflation Rate - actual data, historical chart and calendar of releases - was last updated on May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.70 2.30 8.50 -0.10 1989 - 2017 percent Monthly



inflation rate by Country

Last
Australia 2.10 Mar/17
Brazil 4.08 Apr/17
Canada 1.60 Apr/17
China 1.20 Apr/17
Euro Area 1.90 Apr/17
France 1.20 Apr/17
Germany 2.00 Apr/17
India 2.99 Apr/17
Indonesia 4.17 Apr/17
Italy 1.90 Apr/17
Japan 0.20 Mar/17
Mexico 5.82 Apr/17
Netherlands 1.60 Apr/17
Russia 4.10 Apr/17
South Korea 1.90 Apr/17
Spain 2.60 Apr/17
Switzerland 0.40 Apr/17
Turkey 11.87 Apr/17
United Kingdom 2.70 Apr/17
United States 2.20 Apr/17