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

The inflation rate in the United Kingdom was recorded at 0.50 percent in December of 2014. Inflation Rate in the United Kingdom averaged 2.75 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
0.50 1.00 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 Sunday, February 1, 2015.


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.

Year-on-year, prices of food and non-alcoholic beverages recorded the highest decrease (-1.7 percent), followed by transport (-1.4 percent), mainly due to a 10.5 percent drop in cost of fuel and lubricants. Additional downward pressures came from miscellaneous goods and services (-0.6 percent) and clothing and footwear (-0.3 percent). 

In contrast, education cost rose 10 percent; housing, water, electricity and gas went up 1 percent and communication prices advanced 0.7 percent. 

On a monthly basis, consumer prices were flat in December, following a 0.3 percent drop in the previous month. The largest downward contributions came from housing and household services (0.0 percent) and transport (-0.2 percent).  Almost all of the downward contribution came from the falling price of petrol and diesel. The average price per litre has fallen to 116.8p for petrol and 122.9p for diesel. This is 24.8p per litre below the peak average prices of 141.6p and 147.7p per litre for petrol and diesel respectively in April 2012. 

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
1/13/2015 10:25:04 AM


Recent Releases

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

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


Calendar GMT Event Actual Previous Consensus Forecast (i)
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
0.5% 1.0% 0.7% 0.8%
2015-02-17 09:30 AM
Inflation Rate YoY  Jan
0.5% 0.83%
2015-03-24 09:30 AM
Inflation Rate YoY  Feb
0.76%
2015-04-14 09:30 AM
Inflation Rate YoY  Mar
0.69%


United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 0.50 1.00 8.50 0.50 percent [+]
Inflation Rate Mom 0.00 -0.30 3.37 -0.94 percent [+]
Consumer Price Index CPI 128.19 128.20 128.53 61.90 Index Points [+]
Core Inflation Rate 1.30 1.20 3.70 -0.10 percent [+]
Harmonised Consumer Prices 128.19 128.20 128.53 124.40 Index Points [+]
Core Consumer Prices 124.21 124.02 124.30 87.60 Index Points [+]
GDP Deflator 105.78 105.25 105.78 4.59 Index Points [+]
Producer Prices Change -0.30 -0.10 27.80 -1.60 percent [+]
Export Prices 94.00 94.80 103.10 12.20 Index Points [+]
Import Prices 95.40 96.00 102.70 12.00 Index Points [+]
Food Inflation -1.70 -1.70 13.00 -2.30 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 1.70 Nov/14 2.30 23.90 -1.30 percent [+]
Brazil 6.41 Dec/14 6.56 6821.31 1.65 percent [+]
Canada 1.50 Dec/14 2.00 21.60 -17.80 percent [+]
China 1.50 Dec/14 1.40 28.40 -2.20 percent [+]
Euro Area -0.60 Jan/15 -0.20 5.00 -0.70 percent [+]
France 0.10 Dec/14 0.30 18.80 -0.70 percent [+]
Germany -0.30 Jan/15 0.20 11.54 -7.62 percent [+]
India 5.00 Dec/14 4.38 11.16 4.38 percent [+]
Indonesia 8.36 Dec/14 6.23 82.40 -1.17 percent [+]
Italy 0.00 Dec/14 0.19 25.64 -2.44 percent [+]
Japan 2.40 Dec/14 2.40 25.00 -2.52 percent [+]
Mexico 4.08 Dec/14 4.17 179.73 2.91 percent [+]
Netherlands 0.70 Dec/14 1.00 11.19 -1.30 percent [+]
Russia 11.40 Dec/14 9.10 2333.30 3.60 percent [+]
South Korea 0.80 Dec/14 1.00 32.50 0.20 percent [+]
Spain -1.40 Jan/15 -1.00 28.43 -1.40 percent [+]
Switzerland -0.30 Dec/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.17 Dec/14 9.15 138.71 -4.01 percent [+]
United Kingdom 0.50 Dec/14 1.00 8.50 0.50 percent [+]
United States 0.80 Dec/14 1.30 23.70 -15.80 percent [+]