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

The inflation rate in the United Kingdom was recorded at 1.20 percent in September 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
1.20 1.50 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 Saturday, October 25, 2014.

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.

Housing and household services (including utility bills) accounted for a third of the rate of inflation. In the year to September 2014, food prices fell by 1.5 percent and prices of motor fuels fell by 6.0 percent. If falling food and motor fuel prices were excluded, the rate of inflation would be a third higher. 

On a monthly basis, consumer prices were flat as there were no notable upward pressures. The largest downward contributions to the change in the CPI 12-month rate between August and September 2014 came from transport prices (down 2.4 percent), mostly due to sea fares and air fares. Prices, overall, for these fares always fall in September following the summer holiday period. Cost of recreation and culture fell slightly (-0.1 percent) due to prices of technological goods such as laptop and tablet computers, computer accessories (eg printers and routers), games consoles and computer games. Prices for hardback books and ebooks also contributed to the slowdown in the rate of inflation. 

Annual core inflation, which strips out cost of energy, food, alcohol and tobacco, slowed to 1.5 percent in September from 1.9 percent in August.

ONS | Joana Taborda | joana.taborda@tradingeconomics.com
10/14/2014 9:51:07 AM

Recent Releases

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

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

Calendar GMT Country Event Reference Actual Previous Consensus Forecast
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%
2014-10-14 09:30 AM United Kingdom
Inflation Rate YoY
Sep 2014 1.2% 1.5% 1.4% 1.3%

United Kingdom Prices Last Previous Highest Lowest Unit
Inflation Rate 1.20 1.50 8.50 0.50 Percent [+]
Inflation Rate Mom 0.00 0.40 3.37 -0.94 Percent [+]
Consumer Price Index CPI 128.38 128.34 128.38 61.90 Index Points [+]
Core Inflation Rate 1.50 1.90 3.70 -0.10 Percent [+]
Harmonised Consumer Prices 128.28 128.02 128.28 124.40 Index Points [+]
Core Consumer Prices 124.09 123.99 124.09 87.60 Index Points [+]
GDP Deflator 105.25 104.19 105.25 4.59 Index Points [+]
Producer Prices Change -0.30 -0.10 27.80 -1.60 Percent [+]
Export Prices 101.80 103.20 119.50 13.80 Index Points [+]
Import Prices 104.20 105.10 119.60 12.40 Index Points [+]
Food Inflation -1.40 -1.10 13.00 -2.30 Percent [+]