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

The inflation rate in the United Kingdom was recorded at 1.30 percent in October of 2014. Inflation Rate in the United Kingdom averaged 2.76 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
1.30 1.20 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 Thursday, November 27, 2014.


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.

Year-on-year, transport prices increased 0.5 percent in October, following a 0.1 percent rise in September. Cost of recreation and culture grew 1 percent, up from 0.7 percent in the previous month and prices of housing, water, electricity and gas edged up by 0.1 percent to 3.2 percent. Prices of alcoholic beverages and tobacco increased at a faster 5.2 percent (4.9 percent in September) and cost of restaurants and hotels went up slightly to 2.5 percent from 2.3 percent a month earlier.

In contrast, prices of food and beverages fell 1.4 percent, the same rate as in September and clothing and footwear cost dropped 0.2 percent.

On a monthly basis, consumer prices rose 0.1 percent after being flat in the previous period. The largest upward contribution came from prices for motor fuels – notably petrol and cost of recreation and culture (up 0.4 percent). The only notable downward contribution came from prices of furniture, household equipment and routine maintenance - overall, fell by 1.1 percent.

Annual core inflation, which strips out cost of energy, food, alcohol and tobacco, was recorded at 1.5 percent, the same rate as in September.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
11/18/2014 11:11:34 AM


Recent Releases

UK Inflation Rate Falls More Than Expected
UK annual inflation rate eased to 1.2 percent in September of 2014 from 1.5 percent in August. It is the lowest rate in five years driven by a fall in food and motor fuel prices. Published on 2014-10-14

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. Published on 2014-09-16


Calendar GMT Event Actual Previous Consensus Forecast (i)
2014-09-16 09:30 AM
Inflation Rate YoY  Aug 2014
1.5% 1.6% 1.5% 1.5%
2014-10-14 09:30 AM
Inflation Rate YoY  Sep 2014
1.2% 1.5% 1.4% 1.3%
2014-11-18 09:30 AM
Inflation Rate YoY  Oct 2014
1.3% 1.2% 1.3% 1.1%
2014-12-16 09:30 AM
Inflation Rate YoY  Nov 2014
1.3% 1.18%
2015-01-13 09:30 AM
Inflation Rate YoY  Dec 2014


United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 1.30 1.20 8.50 0.50 percent [+]
Inflation Rate Mom 0.10 0.00 3.37 -0.94 percent [+]
Consumer Price Index CPI 128.53 128.38 128.53 61.90 Index Points [+]
Core Inflation Rate 1.50 1.50 3.70 -0.10 percent [+]
Harmonised Consumer Prices 128.53 128.38 128.53 124.40 Index Points [+]
Core Consumer Prices 124.30 124.09 124.30 87.60 Index Points [+]
GDP Deflator 106.18 105.25 106.18 4.59 Index Points [+]
Producer Prices Change -0.30 -0.10 27.80 -1.60 percent [+]
Export Prices 96.20 96.10 119.50 13.80 Index Points [+]
Import Prices 95.70 95.70 119.60 12.40 Index Points [+]
Food Inflation -1.40 -1.40 13.00 -2.30 percent [+]


Inflation Rate Reference Previous Highest Lowest Unit
Australia 2.30 Aug/14 3.00 23.90 -1.30 percent [+]
Brazil 6.59 Oct/14 6.75 6821.31 1.65 percent [+]
Canada 2.40 Oct/14 2.00 21.60 -17.80 percent [+]
China 1.60 Oct/14 1.60 28.40 -2.20 percent [+]
Euro Area 0.40 Oct/14 0.30 5.00 -0.70 percent [+]
France 0.50 Oct/14 0.30 18.80 -0.70 percent [+]
Germany 0.60 Nov/14 0.80 11.54 -7.62 percent [+]
India 5.52 Oct/14 6.46 11.16 5.52 percent [+]
Indonesia 4.83 Oct/14 4.53 82.40 -1.17 percent [+]
Italy 0.10 Oct/14 -0.20 25.64 -2.44 percent [+]
Japan 3.20 Sep/14 3.30 25.00 -2.52 percent [+]
Mexico 4.30 Oct/14 4.22 179.73 2.91 percent [+]
Netherlands 1.10 Oct/14 0.90 11.19 -1.30 percent [+]
Russia 8.30 Oct/14 8.00 2333.30 3.60 percent [+]
South Korea 1.20 Oct/14 1.10 32.50 0.20 percent [+]
Spain -0.40 Nov/14 -0.10 28.43 -1.37 percent [+]
Switzerland 0.00 Oct/14 -0.10 11.92 -1.37 percent [+]
Turkey 8.96 Oct/14 8.86 138.71 -4.01 percent [+]
United Kingdom 1.30 Oct/14 1.20 8.50 0.50 percent [+]
United States 1.70 Oct/14 1.70 23.70 -15.80 percent [+]