Inflation in United Kingdom
United Kingdom - Inflation (end of period)
Inflation increases in September
Consumer prices rose a seasonally-adjusted 0.41% in September over the previous month, contrasting the 0.42% fall logged in August. The rebound in price pressures was largely driven by rising prices for recreation and culture, and clothing and footwear. Prices for restaurants and hotels also rose markedly due to the end of the government’s Eat Out to Help Out discount scheme.
Inflation rose to 0.5% in September, up from August’s 0.2%, but still well below the Bank of England’s 2.0% target. Annual average inflation fell to 1.1% in September (August: 1.2%). Core inflation rose to 1.3% from August’s 0.9%.
FocusEconomics Consensus Forecast panelists expect inflation to average 0.9% in 2020, up 0.1 percentage points from last month’s forecast, and 1.5% in 2021, unchanged from last month’s forecast.
United Kingdom - Inflation (eop) Data
|Inflation Rate (CPI, annual variation in %, eop)||0.2||1.6||3.0||2.1||1.3|
5 years of economic forecasts for more than 30 economic indicators.
United Kingdom Inflation (eop) Chart
Source: Office for National Statistics (ONS).
United Kingdom Facts
|Bond Yield||0.83||-3.04 %||Jan 01|
|Exchange Rate||1.33||-0.35 %||Jan 01|
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October 21, 2020
Consumer prices rose a seasonally-adjusted 0.41% in September over the previous month, contrasting the 0.42% fall logged in August.
October 13, 2020
According to the ONS, in June–August the unemployment rate ticked up to 4.5%—an over three-year high—while redundancies rose at a record pace in quarter-on-quarter terms.
October 9, 2020
Industrial production increased 0.3% on a calendar-adjusted month-on-month basis in August (July: +5.2% mom).
October 9, 2020
GDP expanded 2.1% on a calendar-adjusted month-on-month basis in August (July: +6.4% mom), amid softer growth in industrial production, construction and services.
September 30, 2020
According to the Nationwide Building Society (NBS), house prices in the United Kingdom rose 0.9% month-on-month in September, down from August’s 2.0% rise.