The UK inflation rate was three percent in January 2026, down from 3.4 percent in the previous month. 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 education sector, at 7.6 percent, with prices increasing at the slowest rate in the clothing and footwear sector. 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 as of late 2025. In February 2026, for example, 59 percent of UK households reported their cost of living was increasing compared with the previous month, up from 45 percent in July 2024, but still far lower than at the height of the crisis in 2022. 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 caused a rapid surge in prices The UK's high inflation and cost of living crisis in 2022 had their 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.

Inflation Rate in the United Kingdom remained unchanged at 3 percent in February. This dataset provides - United Kingdom Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2024, the average inflation rate in the United Kingdom stood at 2.53 percent. Between 1980 and 2024, the figure dropped by 14.32 percentage points, though the decline followed an uneven course rather than a steady trajectory. The inflation is forecast to decline by 0.53 percentage points from 2024 to 2030, fluctuating as it trends downward.This indicator measures inflation based upon the year-on-year change in the average consumer price index, expressed in percent. The latter expresses a country's average level of prices based on a typical basket of consumer goods and services.

View monthly updates and historical trends for UK Inflation Rate. from United Kingdom. Source: Office for National Statistics. Track economic data with YC…

Core consumer prices in the United Kingdom increased 3.20 percent in February of 2026 over the same month in the previous year. This dataset provides - United Kingdom Core Inflation Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In February 2026, the UK inflation rate was three percent, with prices rising fastest in the education sector, which had an inflation rate of 5.1 percent. In this month, prices were rising in all sectors. UK inflation in 2025 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 September 2025, inflation was at 3.8 percent, far above the Bank of England's target rate of two percent. Going into 2026, recent forecasts suggest that over the course of the year, inflation will average out at 2.5 percent, with the two percent target not met on an annual basis until at least 2027. 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.

Measures of monthly UK inflation data including CPIH, CPI and RPI. These tables complement the consumer price inflation time series dataset.

The Consumer Price Index in the United Kingdom increased 0.40 percent in February of 2026 over the previous month. This dataset provides - United Kingdom Inflation Rate MoM - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In 2026, the average annual inflation rate for the United Kingdom is expected to be 2.3 percent, with the average rate for 2027 predicted to fall to two percent. Inflation in the UK increased at a faster rate than expected in 2025, with the rate revised upwards from earlier predictions at the start of that year. Like many countries, the UK has only recently recovered from a period of elevated inflation, which saw the CPI rate reach 9.1 percent in 2022, and 7.3 percent in 2023. Despite the recent uptick in 2025, the inflation rate is expected to fall within the Bank of England's target rate of two percent between 2027 and 2030. UK inflation crisis Between 2021 and 2023, inflation surged in the UK, reaching a 41-year-high of 11.1 percent in October 2022. Although inflation fell to more usual levels by 2024, prices in the UK had already increased by over 20 percent relative to the start of the crisis. The two main drivers of price increases during this time were food and energy inflation, two of the main spending areas of UK households. Although food and energy prices came down quite sharply in 2023, underlying core inflation, which measures prices rises without food and energy, remained slightly above the headline inflation rate throughout 2024, suggesting some aspects of inflation had become embedded in the UK economy. Inflation rises across in the world in 2022 The UK was not 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.

This dataset includes the inflation rate for the Consumer Price Index (CPI) in the United Kingdom from January 1989 to August 2024 as provided by the Office for National Statistics in the UK

Graph and download economic data for Inflation, consumer prices for the United Kingdom (FPCPITOTLZGGBR) from 1960 to 2024 about United Kingdom, consumer, CPI, inflation, price index, indexes, and price.

View monthly updates and historical trends for UK Core Inflation Rate. from United Kingdom. Source: Office for National Statistics. Track economic data wi…

This dataset contains all the data tables related to the consumer trends statistical release published in March 2023 by the Office for National Statistics (ONS) from Q1 1989 - 2023.

The rate of inflation is the change in prices for goods and services over time. Measures of inflation and prices include consumer price inflation, producer price inflation and the House Price Index.

Throughout these tables, Q1 refers to Quarter 1 (January to March), Q2 refers to Quarter 2 (April to June), Q3 refers to Quarter 3 (July to September), and Q4 refers to Quarter 4 (October to December).

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

Cost of food in the United Kingdom increased 3.30 percent in February of 2026 over the same month in the previous year. This dataset provides the latest reported value for - United Kingdom Food Inflation - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Core Inflation Rate MoM in the United Kingdom increased to 0.60 percent in February from -0.60 percent in January of 2026. This dataset includes a chart with historical data for the United Kingdom Core Inflation Rate MoM.

Between January 2018 and January 2026, the United Kingdom's consumer price inflation rate showed notable volatility. The rate hit its lowest point at *** percent in August 2020 and peaked at *** percent in October 2022. By January 2026, inflation had moderated to *** percent, indicating a gradual increase in inflation rates in the preceding months. The Bank of England's interest rate policy closely tracked these inflationary trends. Rates remained low at -* percent until April 2020, when they were reduced to *** percent in response to economic challenges. A series of rate increases followed, reaching a peak of **** percent from August 2023 to July 2024. The central bank then initiated rate cuts in August and November 2024, lowering the rate to **** percent, signaling a potential shift in monetary policy. In February 2025, the Bank of England implemented another rate cut, setting the bank rate at *** percent, which was further reduced to **** percent in August 2025 and remained at the same rate as of January 2026. Global context of inflation and interest rates The UK's experience reflects a broader international trend of rising inflation and subsequent central bank responses. From January 2022 to July 2024, advanced and emerging economies alike increased their policy rates to counter inflationary pressures. However, a shift began in late 2024, with many countries, including the UK, starting to lower rates. This change suggests a potential new phase in the global economic cycle and monetary policy approach. Comparison with other major economies The UK's monetary policy decisions align closely with those of other major economies. The United States, for instance, saw its federal funds rate peak at **** percent in August 2023, mirroring the UK's rate trajectory. Similarly, central bank rates in the EU all increased drastically between 2022 and 2024. These synchronized movements reflect the global nature of inflationary pressures and the coordinated efforts of central banks to maintain economic stability. As with the UK, both the U.S. and EU began considering rate cuts in late 2024, signaling a potential shift in the global economic landscape.

Inflation, consumer prices (annual %) in United Kingdom was reported at 3.2716 % in 2024, according to the World Bank collection of development indicators, compiled from officially recognized sources. United Kingdom - Inflation, consumer prices (annual %) - actual values, historical data, forecasts and projections were sourced from the World Bank on March of 2026.

Quarterly data on democratically weighted and CPI-consistent indices, annual inflation rates, expenditure shares and contributions for UK household groups.

The latest inflation rate, i.e. the percent change in the CPI from a year ago to now, in the United Kingdom was 3.32 percent. That number was released in . It shows an increase from the inflation rate in the previous month when it stood at 3.26 percent. Compared to a year ago, we see an increase...