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

The inflation rate in the United Kingdom was recorded at 1.50 percent in August of 2014. Inflation Rate in the United Kingdom averaged 2.77 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.

   
 
 

United Kingdom Inflation Rate


Actual Previous Highest Lowest Dates Unit Frequency
1.50 1.60 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 Friday, September 19, 2014.


UK Inflation Rate Down to 1.5%


UK annual inflation rate slowed for the second consecutive month to 1.5 percent in August of 2014 from 1.6 percent in July. Falls in prices of motor fuels and food and non-alcoholic drinks provided the largest downward contributions while the largest, partially offsetting, upward effects came from clothing, transport services and alcohol.

The largest downward contributions to the change in the CPI 12-month rate between July and August 2014 came from food and non-alcoholic beverages: prices, overall, fell by 0.2 percent between July and August this year but rose by 0.5 percent between the same two months a year ago. There were small downward effects from a number of product groupings with the largest coming from milk, cheese and eggs due principally to price changes for cheese and yoghurts. Prices of furniture, household equipment and maintenance overall rose between July and August but at a slower rate than a year ago. There were small downward effects from furniture and furnishings and glassware, tableware & household utensils.

The largest upward contributions to the change in the CPI 12-month rate between July and August 2014 came from clothing and footwear: prices, overall, rose by 2.6 percent between July and August this year compared with a smaller rise of 2.0 percent between the same two months a year earlier. Overall, prices of clothing and footwear usually rise between July and August as autumn ranges start to enter the shops following the summer sales season. The main upward effect came from a wide range of women’s outerwear. Prices of alcohol and tobacco overall rose by 1.0 percent between July and August this year but fell by 0.1 percent a year ago. The upward contribution came from spirits and wine. For both groups, prices rose this year but fell a year ago.

Although transport, overall, provided only a very small (downward) contribution to the change in the CPI 12-month rate between July and August 2014, this masked larger offsetting effects principally from fuels and lubricants and transport services. Petrol prices fell by 1.8 pence per litre between July and August this year, compared with a rise of 2.0 pence per litre a year ago. Similarly, diesel prices fell by 2.1 pence this year but rose by 2.0 pence a year ago. This effect from motor fuels was largely offset by upward contributions from sea transport, air transport and the purchase of vehicles. 

On a monthly basis, consumer prices rose 0.4 percent in August, following a fell 0.3 percent fall in July. 

Annual core inflation, which strips out cost of energy, food, alcohol and tobacco, accelerated to 1.9 percent in August from 1.8 percent in July.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
9/16/2014 9:44:35 AM


Recent Releases

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. Published on 2014-08-19

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


Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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%
2014-09-10 02:45 PM United Kingdom
Inflation Report Hearings
2014-09-16 09:30 AM United Kingdom
Inflation Rate YoY
Aug 2014 1.5% 1.6% 1.5% 1.5%


Prices Last Previous Highest Lowest Unit
Inflation Rate 1.50 1.60 8.50 0.50 Percent [+]
Inflation Rate Mom 0.40 -0.30 3.37 -0.94 Percent [+]
Consumer Price Index CPI 128.30 127.84 128.30 61.90 Index Points [+]
Core Inflation Rate 1.90 1.80 3.70 -0.10 Percent [+]
Harmonised Consumer Prices 128.28 128.02 128.28 124.40 Index Points [+]
Core Consumer Prices 124.00 123.37 124.00 87.60 Index Points [+]
GDP Deflator 106.72 106.23 106.72 5.39 Index Points [+]
Producer Prices Change -0.30 -0.10 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 -1.10 -0.40 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 6.51 Aug/14 6.50 6821.31 1.65 Percent [+]
Canada 2.10 Aug/14 2.10 21.60 -17.80 Percent [+]
China 2.00 Aug/14 2.30 28.40 -2.20 Percent [+]
Euro Area 0.40 Aug/14 0.40 5.00 -0.70 Percent [+]
France 0.40 Aug/14 0.50 18.80 -0.70 Percent [+]
Germany 0.80 Aug/14 0.85 11.54 -7.62 Percent [+]
India 7.80 Aug/14 7.96 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 4.15 Aug/14 4.07 179.73 2.91 Percent [+]
Netherlands 1.00 Aug/14 0.89 11.19 -1.30 Percent [+]
Russia 7.60 Aug/14 7.50 2333.30 3.60 Percent [+]
South Korea 1.40 Aug/14 1.60 32.50 0.20 Percent [+]
Spain -0.50 Aug/14 -0.34 28.43 -1.37 Percent [+]
Switzerland 0.10 Aug/14 0.00 11.92 -1.37 Percent [+]
Turkey 9.54 Aug/14 9.32 138.71 -4.01 Percent [+]
United Kingdom 1.50 Aug/14 1.60 8.50 0.50 Percent [+]
United States 1.70 Aug/14 2.00 23.70 -15.80 Percent [+]





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