Consumer Price Index CPI in the United Kingdom increased to 136 points in February from 135.40 points in January of 2025. This dataset provides the latest reported value for - United Kingdom Consumer Price Index (CPI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The UK inflation rate was three percent in January 2025, up from 2.5 percent in the previous month, and the fastest rate of inflation since March 2024. Between September 2022 and March 2023, the UK experienced seven months of double-digit inflation, which peaked at 11.1 percent in October 2022. Due to this long period of high inflation, UK consumer prices have increased by over 20 percent in the last three years. As of the most recent month, prices were rising fastest in the communications sector, at 6.1 percent, but were falling in both the furniture and transport sectors, at -0.3 percent and -0.6 percent respectively.
The Cost of Living Crisis High inflation is one of the main factors behind the ongoing Cost of Living Crisis in the UK, which, despite subsiding somewhat in 2024, is still impacting households going into 2025. In December 2024, for example, 56 percent of UK households reported their cost of living was increasing compared with the previous month, up from 45 percent in July, but far lower than at the height of the crisis in 2022. After global energy prices spiraled that year, the UK's energy price cap increased substantially. The cap, which limits what suppliers can charge consumers, reached 3,549 British pounds per year in October 2022, compared with 1,277 pounds a year earlier. Along with soaring food costs, high-energy bills have hit UK households hard, especially lower income ones that spend more of their earnings on housing costs. As a result of these factors, UK households experienced their biggest fall in living standards in decades in 2022/23. Global inflation crisis causes rapid surge in prices The UK's high inflation, and cost of living crisis in 2022 had its origins in the COVID-19 pandemic. Following the initial waves of the virus, global supply chains struggled to meet the renewed demand for goods and services. Food and energy prices, which were already high, increased further in 2022. Russia's invasion of Ukraine in February 2022 brought an end to the era of cheap gas flowing to European markets from Russia. The war also disrupted global food markets, as both Russia and Ukraine are major exporters of cereal crops. As a result of these factors, inflation surged across Europe and in other parts of the world, but typically declined in 2023, and approached more usual levels by 2024.

Price quote data (for locally collected data only) and consumption segment indices that underpin consumer price inflation statistics, giving users access to the detailed data that are used in the construction of the UK’s inflation figures. The data are being made available for research purposes only and are not an accredited official statistic. From October 2024, private school fees and part-time education classes have been included in the consumption segment indices file. For more information on the introduction of consumption segments, please see the Consumer Prices Indices Technical Manual, 2019. Note that this dataset was previously called the consumer price inflation item indices and price quotes dataset.

The Consumer Price Index of the United Kingdom was 135.2 as of the fourth quarter of 2024, indicating that consumer prices have increased by 35.2 percent when compared with the first quarter of 2015. As of December 2024, the inflation rate for the CPI was 2.5 percent, a slight fall from the previous month.

Comprehensive database of time series covering measures of inflation data for the UK including CPIH, CPI and RPI.

Inflation Rate in the United Kingdom decreased to 2.80 percent in February from 3 percent in January of 2025. This dataset provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In February 2025, the UK inflation rate was 2.8 percent, with prices rising fastest in the education sector, which had an inflation rate of 7.5 percent. In this month, prices were rising in all sectors, with the exception of clothing and footwear. The inflation rate for services as a whole was five percent, while for goods, prices grew by 0.8 percent. UK inflation falls in 2024 After reaching a peak of 11.1 percent in October 2022, the CPI inflation rate in the UK gradually declined over several months, falling to a low of 1.7 percent by August 2024. An uptick in inflation has occurred since that month, however, and by the end of the year inflation was at 2.5 percent above the Bank of England's target rate of two percent. Going into 2025, recent forecasts suggest that over the course of the year, inflation will average out at 2.6 percent, with the two percent target not met on an annual basis until at least 2029. Roots of the inflation crisis This long period of high inflation that the UK and much of the world experienced had its roots in the post-pandemic economic recovery of 2021. During that year, as consumer demand returned, global supply chains struggled to return to full capacity, resulting in prices rising. With inflation already elevated going into 2022, Russia's invasion of Ukraine added even more inflationary pressures to the global economy. European markets which were heavily reliant on Russian oil and gas gradually phased out hydrocarbons from their economies. Food prices were also heavily impacted due to Ukraine's difficulty in exporting its agricultural products.

A longer time series of contributions to the Consumer Prices Index including owner occupiers' housing costs (CPIH) and Consumer Prices Index (CPI), UK, monthly.

Consumer Price Index (CPI) in the United Kingdom, February, 2025 The most recent value is 135.6 index points as of February 2025, an increase compared to the previous value of 135.1 index points. Historically, the average for the United Kingdom from January 1996 to February 2025 is 92.0949 index points. The minimum of 67.8 index points was recorded in January 1996, while the maximum of 135.6 index points was reached in February 2025. | TheGlobalEconomy.com

Graph and download economic data for Consumer Price Index in the United Kingdom (CPIUKA) from 1209 to 2016 about academic data, United Kingdom, consumer, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Index: OECD Groups: Services: Total for United Kingdom (GBRCPGRSE01GPQ) from Q2 1988 to Q3 2023 about United Kingdom, services, CPI, price index, indexes, and price.

Graph and download economic data for Consumer Price Indices (CPIs, HICPs), COICOP 1999: Consumer Price Index: Total for United Kingdom (GBRCPIALLMINMEI) from Jan 1955 to Jan 2025 about United Kingdom, all items, CPI, price index, indexes, and price.

In 2024, the annual inflation rate for the United Kingdom was 2.5 percent, with the average rate for 2025 predicted to rise to 3.2 percent. The UK has only recently recovered from a period of elevated inflation, which saw the CPI rate reach 7.3 percent in 2023, and 9.1 percent in 2022. Before 2022, the inflation rate was at its highest in 2011 when it reached 4.5 percent, and was lowest in 2015 when an annual inflation rate of zero percent was recorded. Inflation has been surging in the UK since late 2021, and reached a 41-year-high of 11.1 percent in October 2022. Since that recent peak, inflation has gradually subsided, and was four percent in January 2024. Inflation down but not out in 2024 Although there are some positive signals regarding UK inflation decelerating throughout 2023, prices are still rising at quite a fast rate, especially in certain sectors. Food inflation, for example, only fell below double-figures in November 2023, and was still rising by 6.9 percent in January 2024. As of that month, however, alcohol and tobacco prices were rising faster than any other sector, with an inflation rate of 12.4 percent. Additionally, underlying core inflation, which measures prices rises without food and energy, is slightly above the headline inflation rate, and was 5.1 percent as of the most recent month. With some aspects of inflation seemingly becoming embedded in the UK economy, this will likely prolong the current Cost of Living Crisis engulfing UK households. Inflation crisis across in the world in 2022 The UK has not been alone in suffering from runaway inflation over the last few years. From late 2021 onwards, various factors converged to encourage a global acceleration of prices, leading to the ongoing inflation crisis. Blocked-up supply chains were one of the main factors as the world emerged from the COVID-19 pandemic. This was followed by energy and food inflation skyrocketing after Russia's invasion of Ukraine. Central bank interest rates were raised globally in response to the problem, possibly putting an end to the era of cheap money that has defined monetary policy since the financial crash of 2008.

As of the fourth quarter of 2024, the consumer price index in the UK was 135.6, indicating that prices had increased by 35.6 percent when compared with 2015. Since 2015, the sector in which prices have increased the most is alcoholic beverages and tobacco, at 49.9 percent.

Graph and download economic data for Consumer Price Index: Services Less Housing for United Kingdom (GBRCPISXHAINMEI) from 1988 to 2017 about United Kingdom, services, CPI, housing, price index, indexes, and price.

Representative items within the Consumer Prices Index including owner occupiers' housing costs, Consumer Prices Index and Retail Prices Index for the basket of goods and services.

Core Consumer Prices in the United Kingdom increased to 132.40 points in February from 131.20 points in January of 2025. This dataset provides the latest reported value for - United Kingdom Core Consumer Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

United Kingdom UK: Harmonized Consumer Price Index data was reported at 115.570 2010=100 in 2017. This records an increase from the previous number of 112.542 2010=100 for 2016. United Kingdom UK: Harmonized Consumer Price Index data is updated yearly, averaging 90.412 2010=100 from Dec 1996 (Median) to 2017, with 22 observations. The data reached an all-time high of 115.570 2010=100 in 2017 and a record low of 76.947 2010=100 in 1996. United Kingdom UK: Harmonized Consumer Price Index data remains active status in CEIC and is reported by International Monetary Fund. The data is categorized under Global Database’s UK – Table UK.IMF.IFS: Consumer and Producer Price Index: Annual.

Graph and download economic data for Consumer Price Index: Education (COICOP 10): Total for United Kingdom (GBRCP100000GPQ) from Q2 1988 to Q3 2023 about United Kingdom, CPI, price index, indexes, and price.