United Kingdom Inflation Rate 1989-2014 | Data | Chart | Calendar

The inflation rate in the United Kingdom was recorded at 1 percent in November of 2014. Inflation Rate in the United Kingdom averaged 2.76 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. Inflation Rate in the United Kingdom is reported by the Office for National Statistics.

      Forecast    
United Kingdom Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.00 1.30 8.50 0.50 1989 - 2014 percent Monthly
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. Content for - United Kingdom Inflation Rate - was last refreshed on Saturday, December 20, 2014.


UK Inflation Rate Down to 12-Year Low


British consumer prices rose 1 percent year-on-year in November, slowing from a 1.3 percent rise in the previous month. It is the lowest rate since September of 2002 due to a fall in motor fuel and food prices.

Year-on-year, the highest downward pressures came from motor fuel prices (-5.9 percent); food cost (-1.7 percent); miscellaneous goods and services (-0.8 percent); clothing and footwear (-0.2 percent) and transport (-0.2 percent). In contrast, education cost recorded the highest increase (10 percent), followed by alcoholic beverages and tobacco (4 percent) and housing, water, electricity and gas (3.3 percent).

On a monthly basis, consumer prices fell 0.3 percent in November, following a 0.1 percent increase in the previous month. Falls in transport costs (-1.2 percent), notably for motor fuels, air transport and second-hand cars and in the prices of recreational and cultural goods (-0.3 percent) were the main contributors to the slowdown in the rate of inflation between October and November. Food and motor fuel prices, which have historically been upward contributors to the monthly rate, are currently reducing it by 0.4 percentage points. 

Annual core inflation, which strips out cost of energy, food, alcohol and tobacco slowed to 1.2 percent in November from 1.5 percent in October.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
12/16/2014 9:54:14 AM


Recent Releases

UK Inflation Rate Edges Up in October
British annual inflation rate accelerated slightly to 1.3 percent in October from 1.2 percent in the previous month. While an increase in the cost of alcoholic beverages and tobacco, recreation and culture drove consumer prices higher; cost of food and motor fuels fell. Published on 2014-11-18

UK Inflation Rate Falls More Than Expected
UK annual inflation rate eased to 1.2 percent in September of 2014 from 1.5 percent in August. It is the lowest rate in five years driven by a fall in food and motor fuel prices. Published on 2014-10-14


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-10-14 09:30 AM
Inflation Rate YoY  Sep
1.2% 1.5% 1.4% 1.3%
2014-11-18 09:30 AM
Inflation Rate YoY  Oct
1.3% 1.2% 1.3% 1.1%
2014-12-16 09:30 AM
Inflation Rate YoY  Nov
1.0% 1.3% 1.2% 1.18%
2015-01-13 09:30 AM
Inflation Rate YoY  Dec
1.0% 1.16%
2015-02-17 09:30 AM
Inflation Rate YoY  Jan
2015-03-24 09:30 AM
Inflation Rate YoY  Feb


United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 1.00 1.30 8.50 0.50 percent [+]
Inflation Rate Mom -0.30 0.10 3.37 -0.94 percent [+]
Consumer Price Index CPI 128.20 128.53 128.53 61.90 Index Points [+]
Core Inflation Rate 1.20 1.50 3.70 -0.10 percent [+]
Harmonised Consumer Prices 128.53 128.38 128.53 124.40 Index Points [+]
Core Consumer Prices 124.02 124.30 124.30 87.60 Index Points [+]
GDP Deflator 106.18 105.25 106.18 4.59 Index Points [+]
Producer Prices Change -0.30 -0.10 27.80 -1.60 percent [+]
Export Prices 94.80 95.90 119.50 13.80 Index Points [+]
Import Prices 95.70 96.50 119.60 12.40 Index Points [+]
Food Inflation -1.70 -1.40 13.00 -2.30 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 2.30 Aug/14 3.00 23.90 -1.30 percent [+]
Brazil 6.56 Nov/14 6.59 6821.31 1.65 percent [+]
Canada 2.00 Nov/14 2.40 21.60 -17.80 percent [+]
China 1.40 Nov/14 1.60 28.40 -2.20 percent [+]
Euro Area 0.30 Nov/14 0.40 5.00 -0.70 percent [+]
France 0.30 Nov/14 0.50 18.80 -0.70 percent [+]
Germany 0.57 Nov/14 0.80 11.54 -7.62 percent [+]
India 4.38 Nov/14 5.52 11.16 4.38 percent [+]
Indonesia 6.23 Nov/14 4.83 82.40 -1.17 percent [+]
Italy 0.19 Nov/14 0.10 25.64 -2.44 percent [+]
Japan 2.90 Oct/14 3.20 25.00 -2.52 percent [+]
Mexico 4.17 Nov/14 4.30 179.73 2.91 percent [+]
Netherlands 1.00 Nov/14 1.10 11.19 -1.30 percent [+]
Russia 9.10 Nov/14 8.30 2333.30 3.60 percent [+]
South Korea 1.00 Nov/14 1.20 32.50 0.20 percent [+]
Spain -0.40 Nov/14 -0.10 28.43 -1.37 percent [+]
Switzerland -0.10 Nov/14 0.00 11.92 -1.37 percent [+]
Turkey 9.15 Nov/14 8.96 138.71 -4.01 percent [+]
United Kingdom 1.00 Nov/14 1.30 8.50 0.50 percent [+]
United States 1.30 Nov/14 1.70 23.70 -15.80 percent [+]