United Kingdom Inflation August 2021

United Kingdom

United Kingdom: Inflation comes in at highest level since March 2012 in August

September 15, 2021

Consumer prices increased 0.71% over the previous month in August, swinging from July's 0.02% drop. August's figure was the sharpest increase in prices since August 2018, and was largely driven by rising food prices.

Inflation increased to 3.2% in August, above July’s 2.0%. August's figure marked the highest inflation rate since March 2012. Annual average inflation rose to 1.3% in August (July: 1.0%). Finally, core inflation rose to 3.2% in August, from July’s 1.8%.

FocusEconomics Consensus Forecast panelists expect inflation to average 1.9% in 2021, which is up 0.2 percentage points from last month’s forecast, and 2.1% in 2022.


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United Kingdom Inflation Chart

United Kingdom Inflation August 2021

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

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