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. 2014-04-23

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

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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%
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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 [+]
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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.


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