United Kingdom Inflation

United Kingdom

United Kingdom: Annual consumer prices rebound in November

December 15, 2015

In November, consumer prices were flat over the previous month, which came in below the 0.1% increase seen in October. The figure reflected that higher prices for alcohol and tobacco offset lower prices for food and non-alcoholic beverages.

Consumer prices in November increased 0.1% over the same month of last year, which contrasted the 0.1% decrease seen in October and marked a four-month high. The figure overshot the flat reading expected by the markets. Finally, annual average inflation was stable at October’s 0.1% in November, which marked the lowest print on record.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.1% in 2016, which is down 0.1 percentage points from last month’s forecast. For 2017, the panel forecasts that inflation will average 1.3%.

Author:, Senior Economist

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United Kingdom Inflation Chart

United Kingdom Inflation November 2015

Note: Annual and monthly variation of consumer price index in %.
Source: Office for National Statistics (ONS) and FocusEconomics calculations.

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