United Kingdom Inflation

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United Kingdom: Consumer prices drop over September 2014

October 13, 2015

In September, consumer prices decreased 0.1% over the previous month, which contrasted August’s six-month high 0.2% increase. The figure reflected lower prices for food and non-alcoholic beverages.

Consumer prices in September dropped 0.1% over the same month of last year, which was below the flat reading recorded in August. September’s reading came in below the flat variation expected by the markets. Annual average inflation inched down from 0.4% in August to 0.3% in September, the lowest print on record.

In its latest inflation report, from February, the Bank of England projected that inflation will average 0.2% in 2015 and 1.5% in 2016. FocusEconomics Consensus Forecast panelists expect inflation to average 0.4% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel forecasts that inflation will average 1.6%.


Author:, Senior Economist

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United Kingdom Inflation Chart


United Kingdom Inflation September 2015

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


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