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

The inflation rate in the United Kingdom was recorded at 1.60 percent in July of 2014. Inflation Rate in the United Kingdom averaged 2.78 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.

   
 
 
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United Kingdom Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.90 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 Monday, September 1, 2014.


UK Inflation Rate Slows to 1.6%


The UK annual inflation rate decelerated to 1.6 percent in July from 1.9 percent in June. Falls in clothing prices contributed the most to the drop while other downward effects came from alcohol, financial services and food.

By far, the largest downward contribution to the change in the CPI 12-month rate between June and July 2014 came from clothing and footwear: prices, overall, fell by 5.7 percent between June and July this year compared with a smaller fall of 3.2 percent between the same two months a year earlier. Prices of clothing and footwear always fall between June and July due to the summer sales season but this year the fall is larger than in recent years. 

Other notable downward contributions to the change in the CPI 12-month rate between June and July 2014 came from alcohol and tobacco (prices, overall, fell by 0.7 percent between June and July this year but rose by 0.6 percent a year ago). The downward effect came from a range of alcohol products, principally spirits and wine. Cost of miscellaneous goods and services fell between June and July this year but rose a year ago. The largest downward contribution came from financial services, particularly bank overdraft charges and fees for bankers’ drafts. Prices of food and non-alcoholic beverages fell between June and July this year but rose between the same two months a year ago. There were small downward effects from a number of product groupings including bread and cereals and sugar, jam, syrups, chocolate and confectionery.

The largest upward contribution to the change in the CPI 12-month rate between June and July 2014 came from transport prices (rose 1.3 percent between June and July 2014, compared to a rise of 0.9 percent between the two months a year earlier). The upward contributions came from second-hand cars and sea transport. 

On a monthly basis, consumer prices fell 0.3 percent in July. 

Annual core inflation, which strips out cost of energy, food, alcohol and tobacco, slowed to 1.8 percent in July from 2 percent in June.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
8/19/2014 9:49:47 AM


Recent Releases

UK Inflation Rate Unexpectedly Jumps to 1.9%
The UK annual inflation rate accelerated to 1.9 percent in June of 2014 from 1.5 percent in the previous month. It is the highest rate since January this year, driven by a rise in prices of clothing, food and non-alcoholic drinks and air transport. Published on 2014-07-15

UK Inflation Down to 4-1/2 Year Low
The UK annual inflation rate slowed to 1.5 percent in May of 2014 from 1.8 percent in the previous month, due to a fall in food prices and cost for air and sea fares. It is the lowest rate since October of 2009. Published on 2014-06-17


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
2014-05-20 09:30 AM United Kingdom
Inflation Rate YoY
Apr 2014 1.8% 1.6% 1.7% 1.63%
2014-06-17 09:30 AM United Kingdom
Inflation Rate YoY
May 2014 1.5% 1.8% 1.7% 1.6%
2014-07-15 09:30 AM United Kingdom
Inflation Rate YoY
Jun 2014 1.9% 1.5% 1.6% 1.63%
2014-08-19 09:30 AM United Kingdom
Inflation Rate YoY
Jul 2014 1.6% 1.9% 1.8% 1.8%
2014-09-16 09:30 AM United Kingdom
Inflation Rate YoY
Aug 2014 1.6% 1.37%


Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.90 8.50 0.50 Percent [+]
Inflation Rate Mom -0.30 0.20 3.37 -0.94 Percent [+]
Consumer Price Index (CPI) 127.84 128.28 128.28 61.90 Index Points [+]
Core Inflation Rate 1.80 2.00 3.70 -0.10 Percent [+]
Harmonised Consumer Prices 128.28 128.02 128.28 124.40 Index Points [+]
Core Consumer Prices 123.37 123.87 123.87 87.60 Index Points [+]
GDP Deflator 106.72 106.23 106.72 5.39 Index Points [+]
Producer Prices Change -0.10 0.30 27.80 -1.60 Percent [+]
Export Prices 103.20 104.00 119.50 13.80 Index Points [+]
Import Prices 105.10 104.90 119.60 12.40 Index Points [+]
Food Inflation -0.40 0.00 13.00 -2.30 Percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 3.00 Jun/14 2.90 23.90 -1.30 Percent [+]
Brazil 6.50 Jul/14 6.52 6821.31 1.65 Percent [+]
Canada 2.10 Jul/14 2.40 21.60 -17.80 Percent [+]
China 2.30 Jul/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.30 Aug/14 0.40 5.00 -0.70 Percent [+]
France 0.50 Jul/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Aug/14 0.85 11.54 -7.62 Percent [+]
India 7.96 Jul/14 7.31 11.16 7.31 Percent [+]
Indonesia 3.99 Aug/14 4.53 82.40 -1.17 Percent [+]
Italy -0.10 Aug/14 0.09 25.64 -2.44 Percent [+]
Japan 3.40 Jul/14 3.60 25.00 -2.52 Percent [+]
Mexico 4.07 Jul/14 3.75 179.73 2.91 Percent [+]
Netherlands 0.89 Jul/14 0.93 11.19 -1.30 Percent [+]
Russia 7.50 Jul/14 7.80 2333.30 3.60 Percent [+]
South Korea 1.60 Jul/14 1.70 32.50 0.20 Percent [+]
Spain -0.50 Aug/14 -0.34 28.43 -1.37 Percent [+]
Switzerland 0.00 Jul/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.32 Jul/14 9.16 138.71 -4.01 Percent [+]
United Kingdom 1.60 Jul/14 1.90 8.50 0.50 Percent [+]
United States 2.00 Jul/14 2.10 23.70 -15.80 Percent [+]





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