United Kingdom Inflation Rate

The inflation rate in the United Kingdom was recorded at 2.40 percent in April of 2013. Inflation Rate in the United Kingdom is reported by the UK Office for National Statistics. Historically, from 1989 until 2013, the United Kingdom Inflation Rate averaged 2.81 Percent 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 includes a chart with historical data for the United Kingdom Inflation Rate.

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United Kingdom Inflation Rate
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United Kingdom Inflation Rate Down to 2.4% in April
ONS | Nuno Fontes | nuno@tradingeconomics.com  |  5/21/2013 9:33:07 AM


The Consumer Prices Index showed that prices grew by 2.4 percent in the year to April 2013 – down from 2.8 percent in the year to March. This is the first time that the growth in inflation has slowed in the last six months, during which time inflation has remained fairly stable.

A fall in the price of petrol and diesel, plus a drop in air fares were by far the largest contributors to the fall in inflation. There were comparatively modest downward contributions from most other sectors, notably from price movements for restaurants & hotels, recreation & culture goods and services and housing costs (including energy costs). 
 
The only notable upward contribution came from the food and non-alcoholic drinks sector, where overall price increases for most foodstuffs (notably vegetables where there have been numerous recoveries of prices following sales and reports of cold weather in the UK impacting on crop production) were partially counterbalanced from price falls for non-alcoholic drinks.
 
Taking a longer term view, the three main contributors to the 12-month inflation rate in the last five years have been food and non-alcoholic beverages, housing costs (including gas and electricity charges) and transport costs (including motor fuels). Combined, these three sectors have, on average, accounted for over half of the of the 12-month inflation rate each month.

ARCHIVE
United Kingdom Inflation Rate Stable at 2.8% in March The Consumer Prices Index grew by 2.8 percent in the year to March 2013, unchanged from February. CPI remained broadly flat through the second half of 2012 and into 2013 following a number of years of large increases and decreases. Over the last six months, the CPI 12-month rate has been particularly stable, standing at 2.7 percent for four months followed by 2.8 percent for February and March 2013. 2013-04-16
U.K. Annual Inflation Up to 2.7 percent in October U.K. CPI annual inflation stands at 2.7 percent in October, down from 2.5 percent in September. 2012-11-13
United Kingdom Inflation Rate Up to 2.8 Percent in February The headline rate of inflation rose to 2.8 percent following four consecutive months when it stood at 2.7 percent. The Consumer Prices Index showed that prices grew by 2.8 percent in the year to February 2013. Although up on the 2.7 percent recorded in each of October 2012 to January 2013, this continues the trend of, broadly, consistent inflation that has been seen since spring 2012. 2013-03-19
U.K. Annual Inflation Down to 2.2 percent in September U.K. CPI annual inflation stands at 2.2 percent in September, down from 2.5 percent in August. 2012-10-16
United Kingdom Inflation Rate Unchanged For Fourth Consecutive Month The Consumer Prices Index annual inflation grew by 2.7 percent in January of 2013, unchanged for the fourth month in a row. This is the longest period for which the CPI growth has remained unchanged. 2013-02-12
U.K. Annual Inflation Down to 2.5% in August U.K. CPI annual inflation stands at 2.5 per cent in August, down from 2.6 per cent in July. 2012-09-18
United Kingdom Inflation Rate Unchanged at 2.7% in December The Consumer Prices Index annual inflation stands at 2.7 per cent in December of 2012, unchanged from November according to a release from the Office for National Statistics. 2013-01-15
U.K. Annual Inflation Down to 2.4% in June U.K. CPI annual inflation stands at 2.4 per cent in June 2012, down from 2.8 per cent in May. This is the third month in a row that the annual rate has fallen. It is now at its lowest since November 2009, when it was 1.9 per cent. 2012-07-17
United Kingdom Inflation Rate Unchanged at 2.7% The Consumer Prices Index annual inflation stands at 2.7 per cent in November 2012, unchanged from October according to a release from the Office for National Statistics. 2012-12-18



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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