Inflation in United Kingdom
United Kingdom - Inflation
Inflation stays below the Bank of England’s target in September
Consumer prices increased 0.1% in September compared to the previous month, down from August’s 0.4% growth. September’s rise was largely due to higher prices for clothing and footwear, and furniture, household equipment and maintenance.
Inflation was stable at 1.7% in September, remaining below the Bank of England’s (BoE) 2.0% target and market expectations of 1.8%. Low fuel prices kept a lid on inflation in September. Core inflation—which excludes food and energy costs—rose to 1.7% from 1.5% in August.
Our panelists see inflation staying close to target going forwards, supported by a solid labor market, although, as with other economic indicators, Brexit developments will have a key bearing.
The Bank of England sees inflation at 1.6% in Q4 2019 and 2.1% in Q4 2020. FocusEconomics Consensus Forecast panelists expect inflation to average 1.9% in 2019 and 2.0% in 2020.
United Kingdom - Inflation Data
|Inflation Rate (CPI, annual variation in %)||2.6||1.5||0.0||0.7||2.7|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Inflation Chart
Source: Office for National Statistics (ONS).
United Kingdom Facts
|Bond Yield||0.43||-3.04 %||Sep 04|
|Exchange Rate||1.23||-0.35 %||Sep 04|
|Stock Market||7,311||-0.26 %||Sep 04|
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October 16, 2019
Consumer prices increased 0.1% in September compared to the previous month, down from August’s 0.4% growth.
October 15, 2019
The unemployment rate ticked up to 3.9% in June-August from 3.8% in the previous rolling quarter.
October 10, 2019
According to monthly GDP data released by the Office for National Statistics (ONS), economic activity shrank 0.1% in August over the previous month in seasonally-adjusted terms.
October 10, 2019
Industrial production fell 0.6% in August compared to the prior month, contrasting July’s 0.1% rise.
United Kingdom: Services and manufacturing PMIs stay gloomy in September as Brexit uncertainty bites
October 3, 2019
The IHS Markit/CIPS UK services Purchasing Managers’ Index (PMI) decreased to 49.5 in September from 50.6 in August.