United Kingdom Inflation Rate  1989-2017 | Data | Chart | Calendar

Consumer prices in the United Kingdom rose 1.6 percent year-on-year in December of 2016, higher than 1.2 percent in November and above market expectations of 1.4 percent. It is the highest inflation rate since July of 2014, boosted by rising cost of transport and housing and utilities amid a weaker pound. Inflation Rate in the United Kingdom averaged 2.58 percent from 1989 until 2016, reaching an all time high of 8.50 percent in April of 1991 and a record low of -0.10 percent in April of 2015.

United Kingdom Inflation Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-11-15 09:30 AM Oct 0.9% 1% 1.1% 1.1%
2016-12-13 09:30 AM Nov 1.2% 0.9% 1.1% 1%
2017-01-17 09:30 AM Dec 1.6% 1.2% 1.4% 1.5%
2017-02-14 09:30 AM Jan 1.6% 1.25%
2017-03-21 09:30 AM Feb 1.25%
2017-04-11 08:30 AM Mar 1.25%




UK Inflation Rate Highest Since 2014


Consumer prices in the United Kingdom rose 1.6 percent year-on-year in December of 2016, higher than 1.2 percent in November and above market expectations of 1.4 percent. It is the highest inflation rate since July of 2014, boosted by rising cost of transport and housing and utilities amid a weaker pound.

Main upward pressure came from prices of transport (3.7 percent compared to 2.5 percent in November), housing and utilities (0.4 percent from 0.2 percent), recreation and culture (0.9 percent from 0.7 percent) and restaurants and hotels (2.8 percent from 2.6 percent). Prices of food and non-alocoholic beverages fell 1.1 percent, the least since August of 2014. 

On a monthly basis, consumer prices increased 0.5 percent, following a 0.2 percent gain in November and beating expectations of a 0.3 percent increase. It is the highest monthly inflation since February of 2014, boosted by transport prices (+2.9 percent), namely air fares (+49 percent). Food cost increased 0.8 percent and fuel prices fell less (-0.4 percent). 

The core index which excludes prices of energy, food, alcohol and tobacco advanced 1.6 percent on the year, above 1.4 percent in November and expectations of 1.4 percent. It is the highest reading since August of 2014.


ONS | Joana Taborda | joana.taborda@tradingeconomics.com
1/17/2017 10:04:48 AM



United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 1.60 1.20 8.50 -0.10 percent [+]
Inflation Rate Mom 0.50 0.20 3.37 -0.94 percent [+]
Consumer Price Index CPI 101.90 101.42 101.90 48.40 Index Points [+]
Harmonised Consumer Prices 101.90 101.42 101.90 48.40 Index Points [+]
Core Consumer Prices 102.60 102.08 102.60 72.90 Index Points [+]
Core Inflation Rate 1.60 1.40 3.70 -0.10 percent [+]
GDP Deflator 103.84 103.21 103.84 4.40 Index Points [+]
Producer Prices Change 2.70 2.40 27.80 -1.90 percent [+]
Export Prices 98.00 100.10 103.10 12.20 Index Points [+]
Import Prices 96.90 97.80 102.70 12.00 Index Points [+]
Food Inflation -1.10 -2.00 13.00 -3.30 percent [+]
Producer Prices 108.50 108.40 108.90 8.10 Index Points [+]
Cpi Transportation 103.70 100.72 105.23 40.40 Index Points [+]



United Kingdom Inflation Rate Notes

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. United Kingdom Inflation Rate - actual data, historical chart and calendar of releases - was last updated on January of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
1.60 1.20 8.50 -0.10 1989 - 2016 percent Monthly



Last
Afghanistan 4.60 Nov/16
Albania 2.20 Dec/16
Algeria 7.31 Nov/16
Angola 41.95 Dec/16
Argentina 40.50 Apr/16
Armenia -1.10 Dec/16
Aruba -0.30 Dec/16
Australia 1.30 Sep/16
Austria 1.40 Dec/16
Azerbaijan 12.40 Dec/16
Bahamas -0.33 Jun/16
Bahrain 2.30 Dec/16
Bangladesh 5.03 Dec/16
Barbados -0.98 May/16
Belarus 10.60 Dec/16
Belgium 2.03 Dec/16
Belize 0.70 Oct/16
Benin -2.80 Nov/16
Bhutan 2.82 Sep/16
Bolivia 4.00 Dec/16
Bosnia and Herzegovina -0.40 Dec/16
Botswana 3.00 Dec/16
Brazil 6.29 Dec/16
Brunei -0.80 Nov/16
Bulgaria 0.10 Dec/16
Burkina Faso -1.80 Nov/16
Burundi 9.60 Dec/16
Cambodia 3.35 Oct/16
Cameroon 0.55 Sep/17
Canada 1.50 Dec/16
Cape Verde -1.30 Nov/16
Cayman Islands 0.50 Sep/16
Central African Republic 38.04 Feb/16
Chad -4.40 Oct/16
Chile 2.70 Dec/16
China 2.10 Dec/16
Colombia 5.75 Dec/16
Comoros 1.40 Dec/14
Congo 11.20 Dec/16
Costa Rica 0.77 Dec/16
Croatia 0.20 Dec/16
Cuba 4.50 Dec/16
Cyprus -0.30 Dec/16
Czech Republic 2.00 Dec/16
Denmark 0.50 Dec/16
Djibouti 3.65 Nov/16
Dominican Republic 1.70 Dec/16
East Timor 0.00 Dec/16
Ecuador 1.12 Dec/16
Egypt 23.30 Dec/16
El Salvador -0.94 Dec/16
Equatorial Guinea 3.90 Dec/15
Eritrea 12.50 Dec/15
Estonia 2.20 Dec/16
Ethiopia 6.70 Dec/16
Euro Area 1.10 Dec/16
European Union 1.20 Dec/16
Fiji 3.90 Dec/16
Finland 1.00 Dec/16
France 0.60 Dec/16
Gabon 2.09 Feb/16
Gambia 7.43 Sep/16
Georgia 1.80 Dec/16
Germany 1.70 Dec/16
Ghana 15.40 Dec/16
Greece 0.00 Dec/16
Guatemala 4.23 Dec/16
Guinea 8.60 Nov/16
Guinea Bissau 0.70 Nov/16
Guyana 0.80 Sep/16
Haiti 14.20 Nov/16
Honduras 3.04 Nov/16
Hong Kong 1.20 Dec/16
Hungary 1.80 Dec/16
Iceland 1.90 Dec/16
India 3.41 Dec/16
Indonesia 3.02 Dec/16
Iran 9.20 Dec/16
Iraq 0.20 Oct/16
Ireland 0.00 Dec/16
Israel -0.20 Dec/16
Italy 0.50 Dec/16
Ivory Coast -0.20 Dec/16
Jamaica 1.70 Dec/16
Japan 0.50 Nov/16
Jordan 0.80 Dec/16
Kazakhstan 8.50 Dec/16
Kenya 6.35 Dec/16
Kosovo 1.30 Dec/16
Kuwait 3.40 Nov/16
Kyrgyzstan -0.50 Dec/16
Laos 2.09 Nov/16
Latvia 2.20 Dec/16
Lebanon 3.14 Dec/16
Lesotho 5.70 Nov/16
Liberia 8.50 Sep/16
Libya 27.40 Jun/16
Liechtenstein 0.00 Dec/16
Lithuania 1.70 Dec/16
Luxembourg 1.10 Dec/16
Macau 1.44 Dec/16
Macedonia -0.20 Dec/16
Madagascar 6.60 Nov/16
Malawi 20.00 Dec/16
Malaysia 1.80 Dec/16
Maldives 1.20 Oct/16
Mali -0.70 Nov/16
Malta 1.00 Dec/16
Mauritania 2.70 Nov/16
Mauritius 2.30 Dec/16
Mexico 3.36 Dec/16
Moldova 2.40 Dec/16
Mongolia 1.10 Dec/16
Montenegro 0.90 Dec/16
Morocco 1.80 Dec/16
Mozambique 25.27 Dec/16
Myanmar 10.89 Apr/16
Namibia 7.30 Dec/16
Nepal 4.80 Nov/16
Netherlands 1.00 Dec/16
New Caledonia -0.10 Nov/16
New Zealand 0.40 Sep/16
Nicaragua 3.10 Dec/16
Niger -2.20 Dec/16
Nigeria 18.55 Dec/16
North Korea 55.00 Jul/13
Norway 3.50 Dec/16
Oman 1.13 Dec/16
Pakistan 3.70 Dec/16
Palestine -1.05 Dec/16
Panama 1.50 Dec/16
Papua New Guinea 6.80 Jun/16
Paraguay 3.90 Dec/16
Peru 3.23 Dec/16
Philippines 2.60 Dec/16
Poland 0.80 Dec/16
Portugal 0.90 Dec/16
Puerto Rico 0.00 Nov/16
Qatar 1.80 Dec/16
Republic of the Congo 3.70 Apr/15
Romania -0.54 Dec/16
Russia 5.40 Dec/16
Rwanda 11.00 Dec/16
Sao Tome and Principe 5.10 Dec/16
Saudi Arabia 1.70 Dec/16
Senegal 2.10 Dec/16
Serbia 1.60 Dec/16
Seychelles -0.20 Dec/16
Sierra Leone 15.26 Nov/16
Singapore 0.20 Dec/16
Slovakia 0.20 Dec/16
Slovenia 0.50 Dec/16
Somalia -4.00 Dec/14
South Africa 6.80 Dec/16
South Korea 1.30 Dec/16
South Sudan 479.70 Dec/16
Spain 1.60 Dec/16
Sri Lanka 4.10 Dec/16
Sudan 30.47 Dec/16
Suriname 55.50 Nov/16
Swaziland 8.20 Oct/16
Sweden 1.70 Dec/16
Switzerland 0.00 Dec/16
Syria 44.50 May/16
Taiwan 1.70 Dec/16
Tajikistan 6.10 Dec/16
Tanzania 5.00 Dec/16
Thailand 1.13 Dec/16
Togo 0.40 Dec/16
Trinidad and Tobago 2.60 Oct/16
Tunisia 4.20 Dec/16
Turkey 8.53 Dec/16
Turkmenistan 7.00 Dec/15
Uganda 5.70 Dec/16
Ukraine 12.40 Dec/16
United Arab Emirates 1.90 Oct/16
United Kingdom 1.60 Dec/16
United States 2.10 Dec/16
Uruguay 8.10 Dec/16
Uzbekistan 5.70 Dec/16
Venezuela 800.00 Dec/16
Vietnam 4.74 Dec/16
Yemen 9.49 Nov/14
Zambia 7.50 Dec/16
Zimbabwe -0.93 Dec/16