Inflation in United Kingdom

United Kingdom Inflation | Economic News & Forecasts

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

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %)2.6  1.5  0.0  0.7  2.7  

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United Kingdom Inflation Chart

United Kingdom Inflation
Note: Annual variation of consumer price index (CPI) in %.
Source: Office for National Statistics (ONS).

United Kingdom Facts

Bond Yield0.43-3.04 %Sep 04
Exchange Rate1.23-0.35 %Sep 04
Stock Market7,311-0.26 %Sep 04

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