Inflation in United Kingdom

United Kingdom Inflation (eop) | Economic News & Forecasts

United Kingdom - Inflation (end of period)

Inflation falls further below target in October

Consumer prices fell 0.2% in October compared to the prior month, contrasting September’s 0.1% increase. The fall was driven by lower prices for food, and housing and utilities.

Inflation fell to 1.5% from 1.7% in September, moving further below the Bank of England’s (BoE) 2.0% target and undershooting market expectations. Muted inflation was driven in part by low energy prices following changes to the price cap set by the energy regulator. Core inflation—which excludes food and energy costs—was stable at 1.7%.

The Bank of England downgraded its inflation projections in November, and now sees inflation at 1.5% in Q4 2020 and 2.0% in Q4 2021. FocusEconomics Consensus Forecast panelists expect inflation to average 2.0% in both 2020 and 2021.

United Kingdom - Inflation (eop) Data

2013  2014  2015  2016  2017  
Inflation Rate (CPI, annual variation in %, eop)2.0  0.5  0.2  1.6  3.0  

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United Kingdom Inflation (eop) Chart

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

United Kingdom Facts

Bond Yield0.76-3.04 %Nov 21
Exchange Rate1.29-0.35 %Nov 21
Stock Market7,239-0.26 %Nov 21

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