United Kingdom Inflation

United Kingdom

United Kingdom: Consumer prices record second consecutive annual drop

November 17, 2015

In October, consumer prices increased 0.1% over the previous month, which contrasted September’s 0.1% decrease. The figure reflected higher prices for clothing and footwear.

Consumer prices in October dropped 0.1% over the same month of last year, which matched the previous month’s annual contraction. October’s reading also matched market expectations. Annual average inflation inched down from 0.3% in September to 0.1% in October, which marked the lowest print on record.

FocusEconomics Consensus Forecast panelists expect inflation to average 0.1% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, the panel forecasts that inflation will average 1.3%, which is also down 0.1 percentage points from last month’s forecast.

Author:, Senior Economist

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United Kingdom Inflation Chart

United Kingdom Inflation October 2015

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

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