United Kingdom Inflation Rate

The inflation rate in the United Kingdom was recorded at 2.80 percent in March 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 Stable at 2.8% in March
ONS | Nuno Fontes | nuno@tradingeconomics.com  |  4/16/2013 9:45:19 AM


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.

The contributions to change in the CPI from the various detailed categories were relatively small compared with most months. The largest upward contribution came from the recreation and culture sector where there were price rises for audio-visual equipment and books, newspapers and stationery. The largest downward contributions came from furniture and furnishings, motor fuels and meat.

Recreation and culture: prices, overall, rose by 0.5 percent between February and March 2013 compared with a fall of 0.1 percent between the same two months a year ago. Upward contributions came from photographic equipment and books where there were price rises this year compared with price falls a year ago. There was also an upward contribution from recording media where prices rose by more than a year ago.
 
Furniture, household equipment and maintenance: prices, overall, rose by 0.8 percent between February and March compared with a larger rise of 1.3 percent between the same two months in 2012. Within this group, the largest downward effect came from furniture and furnishings where prices of lounge furniture in particular rose by less than a year ago. This was partially offset by a small upward effect from household textiles.
 
Transport: prices, overall, rose by 0.6 percent compared with a rise of 0.8 percent a year ago. The downward effect came predominantly from motor fuels. Petrol prices rose by 2.2 pence per litre between February and March 2013 compared with a rise of 3.3 pence per litre between the same two months a year earlier. This was partially offset by a small upward effect from transport services.
 
Alcoholic beverages and tobacco: prices, overall, fell by 0.5 percent compared with a rise of 0.2 percent a year ago. The downward effects came from spirits and beer where there were price reductions on vodka and lager in March 2013 compared with recoveries in March 2012 following sales periods.
 
CPIH, the new measure of consumer price inflation including owner occupiers’ housing costs, grew by 2.6 percent in the year to March 2013, unchanged from February. The slower growth in CPIH than CPI is due principally to owner occupiers’ housing costs increasing more slowly than overall inflation for other consumer goods and services in the year to March.

ARCHIVE
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

UK Inflation Down to 3% in April
UK CPI annual inflation stands at 3.0 per cent in April 2012, down from 3.5 per cent in March. The timing of Easter had a significant impact on the April data. 2012-05-22

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




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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