United Kingdom Inflation Rate 1989-2015 | Data | Chart | Calendar

The inflation rate in the United Kingdom was recorded at 0.30 percent in January of 2015. Inflation Rate in the United Kingdom averaged 2.74 percent from 1989 until 2015, reaching an all time high of 8.50 percent in April of 1991 and a record low of 0.30 percent in January of 2015. 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
0.30 0.50 8.50 0.30 1989 - 2015 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 Friday, February 27, 2015.


UK Inflation Rate at Record Low


British annual inflation rate eased to 0.3 percent in January of 2015 from 0.5 percent in the previous month, reaching the lowest on record. Falling prices for motor fuels and food were the main contributors to the slowdown.

Year-on-year, the largest downward pressures came from transport prices (-2.8 percent), food and non-alcoholic beverages (-2.5 percent) and miscellaneous goods and services (-0.4 percent). Prices of recreation and culture decelerated (0.1 percent) while housing and utilities prices rose 1 percent.

Upward pressures came from furniture and household equipment (0.8 percent), clothing and footwear (1.4 percent), alcoholic beverages and tobacco (3.3 percent) and education (10 percent).

On a monthly basis, consumer prices fell 0.9 percent in January, the largest monthly fall since January of 2001. Main downward contributions came from transport prices (- 2.0 percent). The average petrol price fell by 8.5p per litre and the average diesel price fell by 7.3p to 115.6p. Cost of food and non-alcoholic beverages fell by 0.7 percent, mostly due to milk and fruits and recreation and culture prices fell by 0.9 percent. 

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
2/17/2015 9:53:17 AM


Recent Releases

UK Inflation Rate At 14-Year Low
British annual inflation rate slowed to 0.5 percent in December of 2014 from 1 percent in the previous month, due to a drop in food and fuel prices. It is the lowest rate since May of 2000. Published on 2015-01-13

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. Published on 2014-12-16


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
0.5% 1.0% 0.7% 0.8%
2015-02-17 09:30 AM
Inflation Rate YoY  Jan
0.3% 0.5% 0.3% 0.33%
2015-03-24 09:30 AM
Inflation Rate YoY  Feb
0.3% 0.1%
2015-04-14 09:30 AM
Inflation Rate YoY  Mar
0.4%
2015-05-19 09:30 AM
Inflation Rate YoY  Apr
0.61%


United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 0.30 0.50 8.50 0.30 percent [+]
Inflation Rate Mom -0.90 0.00 3.37 -0.94 percent [+]
Consumer Price Index CPI 127.07 128.19 128.53 61.90 Index Points [+]
Core Inflation Rate 1.40 1.30 3.70 -0.10 percent [+]
Harmonised Consumer Prices 127.07 128.19 128.53 124.40 Index Points [+]
Core Consumer Prices 123.40 124.21 124.30 87.60 Index Points [+]
GDP Deflator 105.43 105.58 105.58 4.59 Index Points [+]
Producer Prices Change -0.80 -0.60 27.80 -1.60 percent [+]
Export Prices 93.10 94.10 103.10 12.20 Index Points [+]
Import Prices 94.60 95.80 102.70 12.00 Index Points [+]
Food Inflation -2.50 -1.70 13.00 -2.50 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 7.14 Jan/15 6.41 6821.31 1.65 percent [+]
Canada 1.00 Jan/15 1.50 21.60 -17.80 percent [+]
China 0.80 Jan/15 1.50 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France -0.40 Jan/15 0.10 18.80 -0.70 percent [+]
Germany -0.40 Jan/15 0.20 11.54 -7.62 percent [+]
India 5.11 Jan/15 5.00 11.16 4.38 percent [+]
Indonesia 6.96 Jan/15 8.36 82.40 -1.17 percent [+]
Italy -0.60 Jan/15 0.00 25.64 -0.60 percent [+]
Japan 2.40 Jan/15 2.40 25.00 -2.52 percent [+]
Mexico 3.07 Jan/15 4.08 179.73 2.91 percent [+]
Netherlands 0.00 Jan/15 0.70 11.19 -1.30 percent [+]
Russia 15.00 Jan/15 11.40 2333.30 3.60 percent [+]
South Korea 0.80 Jan/15 0.80 32.50 0.20 percent [+]
Spain -1.30 Jan/15 -1.00 28.43 -1.37 percent [+]
Switzerland -0.50 Jan/15 -0.30 11.92 -1.37 percent [+]
Turkey 7.24 Jan/15 8.17 138.71 -4.01 percent [+]
United Kingdom 0.30 Jan/15 0.50 8.50 0.30 percent [+]
United States -0.10 Jan/15 0.80 23.70 -15.80 percent [+]